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Ireland's Basic Income for the Arts pilot: net fiscal cost €72 million, social and economic benefits exceed €100 million (gov.ie)

· 260d ago · Report · Spotlight this ·
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  • Net fiscal cost of BIA pilot 2021–2025: €72 million.
  • Benefit-cost ratio: €1.39 returned per €1 invested.
  • Recipients' arts income increased by €500/month; welfare dependence decreased.

"An external cost-benefit analysis by Alma Economics, published by the Department of Culture, Communications and Sport, found that Ireland's Basic Income for the Arts (BIA) pilot generated over €100 million in social and economic benefits between 2021 and 2025, against a net fiscal cost of just under €72 million. For every €1 invested, society received €1.39 in return. Recipients' arts income increased by over €500 per month, while dependence on social welfare declined. The report also highlighted significant improvements in psychological wellbeing."

#Basic Income for the Arts #cost-benefit analysis #arts funding Ireland

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