Oireachtas Joint and Select Committees
Wednesday, 4 October 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
EU Budgetary Proposals: Department of Finance
Mr. Gary Tobin:
The United States of America; the United Kingdom; in general the EU has been providing a very substantial amount; the International Monetary Fund, IMF; and the World Bank. There can be different mechanisms for funding such as grants and loans. Of the €50 billion that is proposed under this mechanism, I believe that €17 billion is proposed in grants and €33 billion is proposed as loans. These would be very long-term loans.
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