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EU Budget: Contributions

Treasury written question – answered on 11th February 2020.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The OBR’s most recent estimate of the financial settlement, taking account of Article 50 extension to 31st October 2019, estimated that the vast majority of payments (85%) will be made by 2025. The OBR will publish an updated forecast at the Budget.

The Government’s objective is to publish information that gives an accurate and comprehensive picture of the financial settlement including, for example, forecast payments to and receipts from the EU. As part of this, the Government presents to Parliament each year the European Union Finances statement, and the 2018 version includes an annex devoted to EU withdrawal and detailed information on the financial settlement. The Government will continue to produce the EU Finances statement now that we have left the EU.

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