Seanad debates
Tuesday, 4 October 2011
Sport: Statements
It is important to focus on sport expenditure even though some may argue that it would be better spent on transport or schools or other competing demands. I refer to the Indecon report, Assessment of Economic Impact of Sport in Ireland, submitted to the Irish Sports Council last November. The report sets out in clear, precise terms the value of sport to the community. The sports sector delivers value for money and identifiable returns on investment for Government funds. On a total state investment in 2008 of €618.3 million, the Exchequer received €922.7 million in taxes generated by the sports sector. For every €100 investment by the Government, it received €149 in sports related taxes. This is worth remembering when making the argument for funding.
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