Michael McGrath
Question:354. Deputy Michael McGrath asked the Minister for Finance the total estimated EU contribution in 2015 arising from the CSO growth revision; and if he will make a statement on the matter. [26396/16]
View answerFriday, 16 September 2016
Questions (354)
Written answers
Member State contributions to the EU Budget are based upon a formula which includes Traditional Own Resources (custom duties), a VAT based payment and a residual balancing component paid in accordance with each Member State's share of the EU Gross National Income (GNI).
Ireland's contribution to the EU Budget in 2015 was €1,952 million and this will be set out in the Budgetary Statistics publication on the Department of Finance's website.
Under EU budget rules, GNI data revisions are taken into account in future year budget contributions. The estimated impact at this time of the 2015 CSO data revisions for EU Budget contributions for 2017 is set out in PQ 22880/16 of 19 July 2016. As stated in that PQ, we currently estimate the impact on our EU Budget contribution for 2017 to be in the order of €280m when compared to the forecast underlying the Summer Economic Statement (SES). The final impact on the contribution is dependant on a number of variables, including the size of the overall EU budget for 2017, GNI movements in other Member States and other EU budget operational developments.