Adding social returns to the politics of public spending
What’s the value of a hospital? A longer school day? A faster internet?
Social Return Accounting brings the discipline of private-sector investing to public-sector budgeting. It applies rigorous social science to quantifying social benefits. It empowers policymakers – and taxpayers – to calculate the impact of policy choices on a level playing field, considering the value of everything from physical infrastructure to social connectedness, and the cost of everything from crime, to commuting time, to human care.
This innovative new framework is based firmly in the real world. Using the National Broadband Network (NBN) and the National Disability Insurance Scheme (NDIS) as case studies, Social Return Accounting compares the public good gained, or lost, in each policy choice.
To learn more about Social Return Accounting, check out the article below on The Conversation.