Irish Financial Contribution to EU Five Times Larger Than In 2018
Aontú Leader and Meath West TD Peadar Tóibín has raised concern over the significant increase in Ireland’s net contribution to the new EU budget and has questioned the Taoiseach as to the basis of this new contribution being made.
Tóibín: “It is startling that in two years, our annual net contribution to the EU budget has increased fivefold to €1.5 billion per annum. This contribution comes at a very bad time for Ireland. Our Economy is in major difficulty. Out Budget Deficit this year will be €30 billion. We are paying billions of euro on interest on one of the largest debts for any country per capita in the world in large part due to the decisions of the EU during the last crash”.
“The key question is how is our contribution calculated? Is it a function of this countries hocus pocus GDP? Is it a function of GNI? Does it take our colossal National Debt or this year’s €30 billion Budget Deficit into account? What influence does the spike in our unemployment figures have on the figure? Or is our net contribution simply a function of this government’s poor negotiation skills”?