EU Budget: Contributions

(asked on 27th February 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the UK's financial contribution to the EU since 24 June 2016.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 4th March 2019

The EU annually publish a financial report, which details the levels of revenue and expenditure, received and executed by the EU, relative to Member States. Between 2016 and 2017, the UK has contributed €30 billion to the annual EU budget, and received €13 billion in receipts to both the public and private sector.

Additionally, HM Treasury produce an annual European Finances Statement which details the UK’s contribution to the EU over the past year. While the OBR produce an independent forecast for annual contributions to the EU.

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