Michael McGrath
Ceist:93. Deputy Michael McGrath asked the Minister for Finance the expected impact Brexit will have on Ireland's annual contribution to the EU budget; and if he will make a statement on the matter. [53752/17]
Amharc ar fhreagraThursday, 14 December 2017
Ceisteanna (93)
Freagraí scríofa
As the Deputy will be aware, negotiations are currently on-going. Therefore, as you can appreciate, it would not be appropriate for me to discuss those negotiations in detail at this point. Ireland wants a financial settlement reached in a fair and transparent manner on the basis of an agreed, objective methodology, that enables a positive future relationship between the EU and the UK and which reflects the UK's legal and budgetary commitments under the Multiannual Financial Framework (MFF).
While my Department currently forecasts Ireland's contributions to the EU budget for 2021 to be €2,775 million, this figure is used primarily for illustrative purposes. It should also be noted that the 2021 forecast falls outside the current Multiannual Financial Framework and as such, should be treated with caution. Contribution estimates will be updated on an ongoing basis as new information becomes available.