§ Mr. Marlow
asked the Chancellor of the Exchequer if he will reconcile in tabular form the net monthly cash flow figures from the United Kingdom to the European Economic Community before and after gross and net refunds with the net cost before and after the inclusion of unallocated expenditures for each of the years 1980, 1981 and estimated figures for 1982.
§ 1981. Mr. Ridley
[pursuant to his reply, 28 July 1982, c. 539]: The accompanying table provides the reconciliation requested for 1980 and 1981. I regret that we do not have the detailed Commission projections which would be needed in order to make a similar reconciliation of estimates for 1982.
United Kingdom net budget contribution: Reconciliation between cash-flow and allocated budget basis £ million 1980 1981 (estimates) 1. Net payments to Community Budget during year (cash-flow basis) (a) Gross payments -1,767 -2,174 (b) Gross receipts other than refunds 963 1,084 (c) Gross refunds 98 693 (d) Net payments -706 -397
£ million 1980 1981 (estimates) 2. Adjustments for allocated budget basis (a) Net contribution to unallocated budget (excluding refunds) +93 +107 (b) 1980 own resources contributions paid in January 1981 -35 +35 (c) Article 131 refund paid in 1980 in respect of 1979 -95 — (d) Other adjustments, including differences between receipts received during year and receipts paid from budget for that year (miscellaneous revenue, timing and exchange rate adjustments) -33 +22 (e) Deduct net budget refunds received during year -80 -551 (f) Add net budget refunds received (or due) in respect of that year's budget +654 +778 (g) Total net adjustments ((a) to (f) above) +504 +391 3. Net contributions in respect of allocated budgets for 1980 and 1981, less refunds for those years (1d—2g)* -202 -6 * Commission estimates converted into £ sterling at an average exchange rate of 1 ecu=£0.598488 for 1980 and 1 ecu=£0.553110 for
Note: Net entitlement of 1,410 million ecus converted into £ sterling at a rate of 1 ecu=£0.55311.