It brings another problem that this may become sort of hush money government-at-the-time friendly artists.
Here it's already a problem for culture-ministry-financed projects. When some artists get funding, others don't... And then some people cry foul that it's because they crossed ways with some politician. Wether that's true or not, when arts funding and politics go together, it's a recipe for some sour FB posts.
Yes, and Ireland is not famed for its "all one big happy family" politics. That might be one of their reasons for drawing 2,000 winners at random from 8,000 applicants.
But in a democracy, gov't-selected art has a failure mode more fundamental than mere political bias - the voters may decide they're paying too much for really crappy "art". That's what killed the public art program in the city I live in. In hindsight, the city's Art Committee was dominated by cutting-edge academics, big-ego art snobs, and well-intended persuadables.
Though the fountain they built in front of City Hall - abstract, drearily convoluted, generally ugly, horribly expensive, and usually broken - could be seen as appropriate and spot-on symbolic political art.
Ordinary folks understand the whole "he who pays the piper" thing, and that "democracy" means the voters can choose to support the arts...or not.