Oireachtas Joint and Select Committees
Tuesday, 6 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
EU Finances Post-2020: European Commissioner for Budget and Human Resources
3:15 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
If that were to materialise, and if we take the figure of €12 billion, member states would pay an extra €6 billion in proportion to their contributions and there would be expenditure cuts in the region of €6 billion out of an annual budget of approximately €150 billion. That is a 4% expenditure cut, there or thereabouts.
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