HC Deb 28 February 1997 vol 291 c408W
Mr. Richards

To ask the Chancellor of the Exchequer what was the net transfer of European funds to the Republic of Ireland in each of the last five years. [17875]

Mr. Oppenheim

[holding answer 27 February 1997]: The European Court of Auditors annual reports indicate that the net benefits to the Republic of Ireland from the EC budget, for the years 1991 to 1995, the last five years for which information is available, are as listed in the table:

Year Million ecu £ million1
1991 2357.3 1650.3
1992 2140.1 1571.3
1993 2371.9 1846.6
1994 1752.0 1355.6
1995 1886.9 1545.2
1 Converted from ecu to £ using the average annual exchange rate listed in the Annual White Paper, "Statement on the Community Budget".