Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I thank the Deputy for his question. Until it formally withdraws from the European Union, the United Kingdom will remain a full EU member with all its existing rights and obligations, including in regard to the EU budget. Brexit will involve complex discussions on the multi-annual financial framework, particularly as the United Kingdom is an important net contributor to the EU budget. Therefore, Brexit will have a significant impact on EU budget funding and expenditure and may need to be mitigated by increased contributions from other member states, reductions in EU funding programmes or a combination of both.

While my Department has undertaken some broad modelling work to estimate the potential impact of Brexit on our EU budget calculations, this analysis will need to be developed in more detail in the coming period, when the parameters of the budget negotiations are better defined. In particular, a key point will be getting agreement among the EU 27 on a common approach to the future of the EU budget.

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