Read more: The European Union Budget: Member State Contributions and Expenditures
In 2017, total revenue accruing to the European Union (EU) was €139 billion with total expenditure amounting to €137bn. Ireland’s contribution to the EU budget amounted to just over €2bn in 2017, and it received €1.8bn from the EU in the same year.
Read more: Local Property Tax: equalization funds, surpluses and Local Authorities use of new tax powers
In 2019 the total Local Property Tax (LPT) yield amounted to €487million. Between the years 2015 and 2019, 21 Local Authorities (LA) experienced funding deficits and required equalization funding