Seanad debates

Tuesday, 22 October 2013

3:00 pm

Photo of Marie Louise O'DonnellMarie Louise O'Donnell (Independent) | Oireachtas source

No, for the budget. Because without the €405 million from the lottery, there would be no budget. That is what the Government got from Camelot and An Post for the lottery licence - €405 million. Over the past 25 years the lottery has made €12,000 million and every year it has given €232 million after it has paid out to good causes. Camelot got the lottery on the cheap for €405 million. That is what paid for the budget because, first, that is going to pay for a start to the children's hospital, and second, other projects such as the better energy one and the city of culture in Limerick, which I am pleased about, things in Cork, projects including a sports arena and the Atlantic way drive. The lottery created the budget. We do not know how much of the €405 million we will have to pay back in interest. I cannot get the information.

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