Written answers
Tuesday, 1 May 2012
Department of Public Expenditure and Reform
Sale of State Assets
9:00 pm
Michael Healy-Rae (Kerry South, Independent)
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Question 274: To ask the Minister for Public Expenditure and Reform if he will review the proposal to sell the National Lottery [21550/12]
Brendan Howlin (Wexford, Labour)
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As the Deputy is aware, I announced on 4th April 2012 that the Government has decided to hold a competition for the next National Lottery licence and that the licence will be for a 20 year period. The new licence will involve an upfront payment to the State, with some of the payment being used to help fund the building of the proposed new National Children's Hospital. The ongoing provision of a fixed percentage of annual lottery turnover for good causes will be a condition of the licence. The Government has decided that this percentage is to be retained at 30.5% which was the level that was achieved in 2011. I consider that where the State identifies opportunities to generate additional revenues that do not impact on taxpayers, we need to pursue them.
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