The Vienna State Opera or the profitability of culture
Is culture profitable for public finances? According to the Vienna Chamber of Commerce, the public subsidies granted to the Vienna State Opera are fully offset by the tax and economic benefits generated by its activities. In view of inflation, however, Bogdan Roščić argues for an increase. Is culture a burden on public finances? At first glance, perhaps, but the financial balance sheet is more favourable when the economic spin-offs generated by cultural actors are included in...