Saturday, September 10, 2011

NSW to run 'social impact bond' pilot

RN Breakfast | 6 September 2011

The NSW Government will hand down its first budget today - describing it as 'deliberately ambitious'. The government will launch a pilot tender process dubbed 'social benefit bonds' where private investors are encouraged to fund social programs such as reducing demand for foster care and lowering re-offending rates among former prisoners.

Listen to Fran Kelly's interview with Peter Shergold, Chancellor of the University of Western Sydney and professorial chair at the Centre for Social Impact at the University of NSW.

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