Peadar Tóibín
Ceist:294. Deputy Peadar Tóibín asked the Minister for Finance the breakdown of Ireland's annual contribution to the European Union. [25699/21]
Amharc ar fhreagraTuesday, 18 May 2021
Ceisteanna (294)
Freagraí scríofa
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.