GP of Belgium provided Wallonia with an economic return of 42 million euros | Economy

Deloitte updated an earlier study from 2017. The federal government could count on 5.33 million euros in income this year, for example through VAT. This is an increase of 22 percent compared to 2017. The municipalities of Malmedy and Stavelot can count on approximately 1.25 million euros in tax revenue.

Despite these figures, the Belgian Grand Prix remains loss-making for the time being. According to preliminary data, the 2022 edition recorded a loss of 5.7 million euros, compared to 6.5 million euros loss in 2017 and 8.5 million euros loss in 2016.

Including the deficits in 2022, Wallonia will have spent a total of more than 81 million euros since 2007 to cushion the loss of the annual high mass of motorsport in Belgium, according to L-Post.

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