Dáil Éireann Debate, Thursday - 1 July 2021
210. Deputy Mairéad Farrell asked the Minister for Public Expenditure and Reform the breakdown by Department of the allocations to be received from the €1.05 billion Brexit Adjustment Reserve in tabular form. [35526/21]
View answerProvisional agreement has been reached between the Council of the European Union and the European Parliament on the proposed Brexit Adjustment Reserve Regulation. The Regulation is expected to enter into force at the beginning of October.
The purpose of the Reserve is to provide financial support to the most affected Member States, regions and sectors to deal with the adverse consequences of Brexit.
The Reserve has a total value of €5 billion in 2018 prices, equivalent to €5.47 billion in current prices. Ireland is expected to receive a total allocation of €1.065 billion in 2018 prices, equivalent to €1.165 billion in current prices, the biggest single allocation for any Member State, representing just over 20% of the total fund.
The Government will be making decisions on how Ireland’s allocation will be spent in the coming period.
