§ Mr. John MarshallTo ask the Secretary of State for Foreign and Commonwealth Affairs what was the cost of the European Parliament each year since 1989–90; and what amount is included in the draft budget for 1995.
§ Mr. David DavisThe outturn for expenditure by the European Parliament each year form 1989–93 (ecu/£ sterling) was:
Year ecu £ 1989 381,146,291 256,043,458 1990 429,706,145 306,932,961 1991 488,691,650 342,125,210 1992 579,968,058 425,820,894 1993 624,592,678 486,253,544 The amount in the 1994 budget (as adopted is 665,910,000 (£502,839,236).The amount in the 1995 draft budget is 693,321,000 (£544,549,953).Note—conversion rates for years prior to 1994 are:
- 1989 £1=1.4886
- 1990 £1=1.4000
- 1991 £1=1.4284
- 1992 £1=1.3620
- 1993 £1=1.2845
The 1994 figures are converted at the rate of £1= 1.3243, which is the rate set for United Kingdom VAT and fourth resource contributions to the 1994 Community budget.
The 1995 figures are converted at the rate of £l= 1.2732, the rate notified in the Official Journal as prevailing on the last working day of last month (30 September 1994).