That's why we're LEAVING! The SHOCKING amount UK pays into EU budget REVEALED

The European elections are over, giving way for the EU’s next big challenge - to agree its budget. The bloc agrees on a long-term spending plan every seven years, where all EU leaders have to agree on it unanimously. The last seven-year plan was agreed in 2013, for the period 2014-20.

On the basis of the long-term plan, every year the representatives of the 28 EU member states and the European Parliament agree the precise details of the EU annual budget.

The total commitments for 2019 are set at €165.8billion (£146.3bn), which is an increase of 3.2 percent compared with the 2018 budget as amended over the past months.

Payments amount to €148.2billion (£130.7bn), 2.4 percent more than in 2018.

But who pays most in and who gets the most back as EU member states?

READ MORE: EU CIVIL WAR: Emmanuel Macron’s finance measures spark COLLISION

The UK is a net contributor to the EU budget, which means it contributes more to the EU budget than it receives back from it.

In 2017, the UK was the second largest contributor with €7.43bn (£6.55bn), just behind Germany at €12.8bn (£11.2bn).

Britain will remain a member of the EU until its departure has been negotiated and will continue to contribute to the EU budget until it formally leaves.

On the other end, Poland was the biggest net recipient of the EU budget (getting more back than it contributed in the first place), followed by Greece, Romania, Hungary and Portugal.

READ MORE: Brexiteer Longworth claims it's his 'duty' to FRUSTRATE EU as an MEP

Payments from each country to the EU budget is proportionate to their national income.

In other words, richer countries pays more than poorer countries.

But the numbers mean that the UK pays more than it receives back.

The largest net contributor to the EU budget per capita is the Netherlands, followed by Sweden, Germany, Denmark and the UK in fifth place.

The figures show each person in the UK paid €112.85 (£99.5) in 2017 towards the EU budget.

On the other side of the scale, Luxembourg tops the list of net recipients per person, with other big recipients include Lithuania, Estonia, Greece, Hungary and Latvia.

Luxembourg receives the most because a large number of EU institutions are based there and the country has less than 600,000 inhabitants.

Belgium, one of the richest EU countries, is also on the list of EU budget net recipients because they receive a high proportion of the funding for administration of many EU institutions.

Let's block ads! (Why?)

Share on google plus
    Google Comments
    Facebook Comments


Post a Comment