Oireachtas Joint and Select Committees

Thursday, 30 May 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Obviously, France and Germany are paying a certain amount. The mechanism reduced the UK's contribution by €4.9 billion in 2017, while Ireland's contribution increased by €135 million. Has the Department worked out the figures in terms of risks to the economy of the impact of contributions to and moneys received from the EU if Brexit happens? If the UK is gone and its contributions are gone, others will be required to make higher contributions. The €135 million will not exist any more because the UK will not be making any contribution. On the other hand, because the UK is not contributing, Ireland might have to pay more to fund the CAP and everything else. I presume the Department has done a paper on that. How stands that?

Comments

No comments

Log in or join to post a public comment.