Policy Target
Assessment of longterm impacts to guide future funding
EVIDENCE-BASED STRATEGY
Long-term cost-effectiveness of initiatives support definition of funding priorities and decision-making regarding allocation of funds (e.g., budgetary expenditures or priorities).
SAMPLE INDICATORS
- Availability of reports presenting analysis weighing the costs of investments and potential returns or value to society (e.g., tax base growth)
- Number/percentage of initiatives using long-term or cost-effectiveness evidence to guide decisions about budget allocation, particularly when considering expenditure reduction
- Stakeholders’ perceptions on the clarity and sufficiency of information provided in the initiatives’ cost-effectiveness reports to make independent and critical evaluations viable
- Stakeholders’ perceptions on data transparency (e.g., within organizations and government units)
EVIDENCE-BASED STRATEGY
Government units prioritize the use of simple measures (e.g., rate of return for every dollar investment in the initiative) to assess long-term impacts and to support budget negotiation, including informed decision-making on how much, how long, and where to allocate resources.
SAMPLE INDICATORS
- Reports of initiatives contain easy to calculate and interpretable economic metrics of long-term impacts
- Availability of reports for third parties