Oireachtas Joint and Select Committees

Thursday, 18 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015 (Resumed)

9:00 am

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I have figures that in 2014 the board received €10.8 million funding, of which it paid €5.3 million in prize money, which is 49% of the money going to prize money. In 2015 it received €13.6 million funding and paid €4.5 million in prize money, which is 33% of the funding going to prize money. There is a big reduction even though the IGB got more money. There were expenses increases of €1.6 million in 2015 as against 2014. We went through this previously and it includes legal, regulation and marketing. However the prize money has a surplus of €2.3 million. Why did this extra money not go to prize money?

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