Ms Fiona Ralph:

What I can tell Deputy Doherty is that the maximum that can be called in from Ireland in a given year is Ireland's share of 1.4% of EU GNI. That is related to the entire budget for everything that is guaranteed under the headroom. That includes the European Financial Stabilisation Mechanism, the SURE instrument and various other things. It does not include the Next Generation EU mechanism because that is an additional 0.6% of EU GNI on top of the 1.4%. In a given year, the maximum that Ireland can be legally required to pay is our share of 1.4% of EU GNI.