Oireachtas Joint and Select Committees

Thursday, 4 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015

9:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

When we compare it to the country, the critical difference is that the country put in place several incentives in key areas to try to kick-start the economy. I do not see the board putting any incentives into ground racing. I see the board cutting prize money. I see the board taking a larger share of the tote retention. In other words, what I see happening is that the board is saying that it is returning a profit, but it is at a massive cost to the industry. That is where I have a major concern. Is the board going in too deep here?

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