TPG23-08 NSW Government Guide to Cost-Benefit Analysis
Cost-benefit analysis (CBA) is a holistic appraisal method that estimates the economic, social, environmental and cultural costs and benefits of an initiative and expresses them in monetary terms. CBA aims to measure the full impacts of any government decision or action on the households, businesses, governments, non-government organisations and natural assets in a specified community, known as the referent group. In this Guide, the referent group comprises the residents of New South Wales.
Issued: 27 February 2023 by Treasury
Key information
- Status
- Active
- Type
- NSW Treasury Policy and Guidelines Paper
- Identifier
- TPG23-08
- Compliance
- Mandatory
Who needs to know and/or comply with this?
- Advisory Entities (including Boards and Committees)
- Councils under the Local Government Act
- Departments
- Executive agencies related to Departments
- Separate agencies
- State Owned Corporations
- Statutory Authorities/Bodies
- Subsidiaries of the NSW Government established under the Corporations Act
- Universities
About
Cost-benefit analysis (CBA) is a holistic appraisal method that estimates the economic, social, environmental and cultural costs and benefits of an initiative and expresses them in monetary terms. CBA aims to measure the full impacts of any government decision or action on the households, businesses, governments, non-government organisations and natural assets in a specified community, known as the referent group. In this Guide, the referent group comprises the residents of New South Wales.
CBA measures the costs and benefits attributable to an initiative relative to a business-as-usual situation without the proposed initiative. The business-as-usual situation is known as the base case.
Cost-benefit analysis (CBA) is a holistic appraisal method that estimates the economic, social, environmental and cultural costs and benefits of an initiative and expresses them in monetary terms. CBA aims to measure the full impacts of any government decision or action on the households, businesses, governments, non-government organisations and natural assets in a specified community, known as the referent group. In this Guide, the referent group comprises the residents of New South Wales.
CBA measures the costs and benefits attributable to an initiative relative to a business-as-usual situation without the proposed initiative. The business-as-usual situation is known as the base case.