<
https://www.gov.ie/en/department-of-culture-communications-and-sport/press-releases/basic-income-for-the-arts-pilot-produced-over-100-million-in-social-and-economic-benefits/>
"
For every €1 of public money invested in the pilot, society received €1.39 in
return
The net cost of the BIA pilot went from €105m to under €72m due to tax
generated and savings on social welfare payments
The Minister for Culture, Communications and Sport, Patrick O’Donovan TD, is
today publishing a cost-benefit analysis of the Basic Income for the Arts
pilot. This report builds upon internal and external research conducted to
date.
The findings of this external report from Alma Economics show that the real net
fiscal cost of the BIA pilot over the period 2021–2025 was just under €72
million. Audience engagement with the arts generated an estimated €16.9 million
in social value over the three pilot years, based on willingness-to-pay
estimates for cultural participation. The most substantial social gain came
from improvements in psychological wellbeing, contributing almost €80 million
to total benefits.
It also finds that recipients’ arts-related income increased by over €500 per
month on average, while their income from non-arts work decreased by around
€280. Dependence on social protection declined, with recipients receiving €100
less per month on average, and 38 percentage points less likely to receive
Jobseeker’s payments."
Via Susan ****
Share and enjoy,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
