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EU Funding

Dáil Éireann Debate, Tuesday - 18 May 2021

Tuesday, 18 May 2021

Questions (294)

Peadar Tóibín

Question:

294. Deputy Peadar Tóibín asked the Minister for Finance the breakdown of Ireland's annual contribution to the European Union. [25699/21]

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Written answers (Question to Finance)

Ireland's contribution to the EU Budget is an obligation of EU membership and is a charge on the Central Fund under national legislation. The contribution formula for the EU Budget is comprised of 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).

These contributions are known as Own Resources and include:

Traditional Own Resources

Ireland’s custom duties are paid to the EU two months in arrears in accordance with EU rules. Customs paid to the EU Budget amounted to c. €235 million in 2020.

VAT related Payments

Ireland's VAT-based resource payments amounted to c. €292 million in 2020.

GNI related Payments

Ireland’s GNI payments amounted to c. €2,043 million in 2020. 

Total contributions to the EU budget in 2020 amounted to €2,569,193,606.66.

My Department currently estimates that Ireland’s contributions to the EU Budget are expected to rise further during the period of the 2021-2027 Multiannual Financial Framework, from approximately €3.25 billion in 2021, to approximately €3.95 billion in 2027, an average of €3.6 billion per annum.

Ireland’s contributions to the EU Budget are published annually as part of my Department's Budgetary Statistics.

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