Dáil Éireann Debate, Tuesday - 16 January 2018
227. Deputy Éamon Ó Cuív asked the Minister for Finance the payments by the Exchequer to the European Union in 2016 and 2017; the estimated payments for 2018; the receipts from the European Union for 2016; the estimated receipts for 2017 and 2018; and if he will make a statement on the matter. [1268/18]
View answerMember State contributions to the EU Budget are based upon a complex formula which includes Traditional Own Resources (customs duties), a VAT-based payment and a residual balancing component paid in accordance with each Member State's share of EU Gross National Income (GNI).
Ireland's contribution to the EU budget was €2,023 million in 2016 and c. €2,016 million in 2017. Our current forecast for 2018 is €2,650 million. EU budget forecasts are contingent on a number of variables, including the size of the overall EU budget for any individual year and other operational developments which will only emerge as the year progresses. As such, these estimates are monitored and updated on an ongoing basis as new information becomes available.
In relation to receipts, these are published on the Department's website in the Budget Statistics publication. The most recent report highlighted that public sector receipts amounted to c. €1,622 million in 2016.
Data on 2017 will be published in this report later this year, with the data for 2018 following a year later.
