Cost–benefit analysis

Policy Australia

Guide to the importance of cost–benefit analysis for major public policy decisions, regulations and projects.
Over many years, the Business Council of Australia has promoted the importance of using cost–benefit analysis (CBA) to evaluate major public expenditure and regulatory decisions, particularly in relation to infrastructure.
We have become increasingly concerned that decisions which involve considerable expenditure or which have significant impacts in the community are being made without a proper evaluation of the costs, benefits and risks involved. This has often led to poor prioritisation, cost blowouts and poor regulations that have had costly or unintended consequences.

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