US EditionBad advice on public sector discount rates
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Utopia - you are standing in it!
Utopia - you are standing in it!Bad advice on public sector discount rates
A couple of months ago now I wrote a post about the new set of discount rates government agencies are supposed to use in undertaking cost-benefit analysis, whether for new spending projects or for regulatory initiatives. The new, radically altered, framework had come into effect from 1 October last year, but with no publicity (except to the public sector agencies required to use them). The new framework, with much lower discount rates for most c…
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