Edition: International | Greek
MENU

Home » Business

Holland tops EU paymasters list

By: EBR - Posted: Wednesday, September 28, 2005

Holland tops EU paymasters list
Holland tops EU paymasters list

EU cash flow figures for 2004 show Holland, Sweden and Germany paid out more of their national income than other states to finance the EU budget.

The biggest net recipients of EU cash, as a proportion of their national income, were Luxembourg, Greece and Portugal followed by the Baltic states.
The figures show money beginning to flow to the 10 new members which joined in 2004.
They also show the total amount spent on farming falling 6% as against 2003. The numbers can be crunched in various ways.
The biggest contributors in nominal terms were, in order, Germany, France, Italy and the UK - which all paid more than 10bn euros - though the UK would have been in second place had it not been for a rebate worth 5.3bn euros (£3.6bn).
The biggest net contributions - the difference between the amount paid in and the amount received in return - came from, in order, Germany, the UK, the Netherlands, Italy and France.
But when these net contributions are expressed as a proportion of the countries' national incomes, the Netherlands came first, followed by Sweden, Germany, the UK, Italy, France and Austria.
The first four countries came in the same order in 2003.
The biggest recipients in nominal terms were Spain, France, Germany and Italy, which all received more than 10bn euros, followed at some distance by the UK on 7.1bn euros.
Poland featured in 10th place with 2.7bn euros.
The biggest net recipients were Spain, Greece, Portugal, Ireland and Poland, while the countries with the biggest net receipts as a proportion of national income were Luxembourg, Greece, Portugal, Lithuania, Latvia and Estonia.

Agriculture
When you separate out expenditure on administration, and focus solely on operational expenditure you get a different list of figures, which the EU calls "operating budgetary balances".
In this case the biggest net contributors, as a proportion of national income, are the Netherlands, Sweden and Germany, as before, followed this time by Italy, Belgium and France.
The list of biggest net recipients, as a proportion of national income, no longer starts with Luxembourg but Greece instead. Then it continues as before.
This is because Luxembourg houses a number of EU institutions, and a considerable proportion of the money spent on EU administration is listed as being spent in the Duchy.
The total amount spent on administration was 5.9bn euros, nearly half of which was spent in Belgium.
Agriculture and rural development swallowed 47.5% of the budget in 2004 compared with 54.1% in 2003, declining from 44.4bn to 43.6bn euros.
France received the largest share of this money (9.4bn euros), followed by Spain, Germany, Italy and the UK.

READ ALSO

EU Actually

EU in disarray

N. Peter KramerBy: N. Peter Kramer

Years and years of lavish spending have brought the French deficit to more than 6 percent

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

Commission mulling 2025 white paper on electricity market reform

Commission mulling 2025 white paper on electricity market reform

The European Commission’s energy department may issue a White Paper in 2025 which would lay the ground for further electricity market reforms

Business

Value-based trade policies are on the rise- Here’s what businesses need to know

Value-based trade policies are on the rise- Here’s what businesses need to know

Trade policy is no longer just there to promote efficiency and productivity in the flow of goods and services

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2024. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron