Dáil Éireann Debate, Thursday - 5 July 2018
195. Deputy Maurice Quinlivan asked the Minister for Business, Enterprise and Innovation the budget allocation for InterTradeIreland for 2016, 2017 and 2018, in tabular form; and if she will make a statement on the matter. [29899/18]
View answerThe distribution of exchequer funding allocations as per the 2016 to 2018 Revised Estimates Volumes for InterTrade Ireland as provided through my Department’s Vote is set out in the following table.
InterTrade Ireland
|
InterTrade Ireland Budget allocations (€,000) |
2016 |
2017 |
2018 |
|
Subhead A4 |
7,465 |
7,960 |
8,125 |
The funding provision to Inter-Trade Ireland is provided on a North-South basis and annual allocations are finalised in conjunction with the Northern Administration. The allocation provided through my Department’s Vote is adjusted proportionally given the joint-funding arrangement in place. Also, as the working currency of the Body is Sterling by virtue of being based in Newry, Co. Down, other adjustments can be necessary, to take account of exchange rate fluctuations between the Euro and Sterling.
