Further description:- Hungary  Cost benefit analysis 

Glossary Entry:- Hungary  Cost benefit analysis
A form of economic analysis in which costs and benefits are converted into monetary values for comparison 
Economic analyses have an important role in the Hungarian policies when public financial sources 
are planned to be utilized, or when regulatory impact assessments are prepared. Economic assessments can and must have to occur in several phases of remediation actions. Cost-benefit
and cost-effectiveness analyses promote the decision-making processes. The results of these analyses
help to identify the optimal target of the society and the related technical solution.
1. General Approach
The 33/2000 Governmental Decree (see under 2.2 Regulation) states the importance and necessity 
of economic analyses in relation to remediation limit value and the “best available technique” term.
A Hungarian study was conducted to guide the Hungarian professionals, and to provide the common
ground of the understanding of the relevant terms. Based on the above mentioned study, the cost-benefit analysis has to have the following steps during
any remediation process: 1)Assessment of the present state, the prediction of the future state, identification and quantification
of the pressures; 2)Evaluation of the present state: if the quantified pressure is low than no action has to be taken;
3)Identification of the possible technical solutions; 4)Summary of the possible decision alternative; 5)Identification and quantification of the effect of each decision alternative; 6)Expression of the effect of each decision variation in financial matters: benefit calculation;
7)Cost calculation of each decision alternative; 8)Evaluation of the effects, benefits, and cost implications: decision making among the alternatives;
9)Perform sensitivity inspection. The decision-making and the related economical evaluation in the Hungarian National Remediation
Programme (NERP, Országos Kármentesítési Program) have two levels: Level 1: selection/decision among contaminated sites: o Decision on the annual financial budget o Decision on the necessary collection of new information with simplified economical analysis
o Decision on the technical intervention based on the cost-benefit analysis of the remediation
process. Level 2: selection of the remediation limit value and the technical solution for a given contaminated
site. During the control of NERP execution, it hat be examined that the given objective and technical
solution were planned and executed with the attainable minimal cost. The complete guidance can be read on the following web page in Hungarian: http://www.kvvm.hu/szakmai/karmentes/kiadvanyok/karmutmuta
2. Policy and Regulation
2.1 Policy
General rules of environmental protection are set in the 53/1995 law that aims to develop 
harmonic relation of humans and the environment, the aligned protection of the environment as a whole,
its elements and processes to ensure the long-term sustainability. The law contains the basic principles
of the environmental protection, its toolkit, responsibilities, and the rules of the uniform protection
of the environmental elements. In Hungarian: http://www.ktm.hu/dokumentum.php?content_id=156 (summary) http://www.ktm.hu/cimg/documents/1995.__vi_LIII._t_rv_ny_a
(Word document)
2.2 Regulation
The 33/2000 (III.17.) Governmental Decree on tasks relating activities affecting the quality 
of waters aims to avoid the pressure load of groundwater, the prevention and abolition of soil contamination,
reduction of limit exceeding pollution and impairment. It also regulates the remediation procedures
and the Hungarian National Environmental Remediation Programme. This Governmental Decree enables
and requires the consideration of the economical aspects and methodologies. It states that in any
actions, the best available techniques have to be preferred. In Hungarian: http://www.kvvm.hu/dokumentum.php?content_id=352 (summary) http://www.kvvm.hu/cimg/documents/33_2000_Korm.rendelet_a_
(Word document)
3. Funding
Site Project Funding

R&D funding
No further funding information available on the EUGRIS system
Market Information

4: Management tools / decision support and guidance

No further information available

5. Authors

6. Acknowledgements