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European Community Budget

Volume 13: debated on Thursday 19 November 1981

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asked the Chancellor of the Exhequer what are the latest estimates of the net European Economic Community budget deficit for 1980 and 1981, showing the likely and recorded monthly net cash flows for each year.

[pursuant to his reply, 16 November 1981]: The monthly net cash flows to and from the European Community budget during 1980 and the first nine months of 1981 are shown in the following table:

£ million
19801981
January-55+159
February-90+189
March-10-78
April-87-89
May-108-121

£ million

1980

1981

June-93-151
July-52-142
August-105-185
September-81-80
October-73
November-58
December+105
(January to September)
Total-707-498
A negative sign indicates a payment to the Community; a positive sign indicates a receipt.

Cash flow figures for October are not yet available. I regret that it is not possible to provide a meaningful estimate, on a monthly basis, of cash flows over the remainder of this year. Contributions to the Community are affected by the timing of payments of levies and duties by importers; payments from the Community are dependent on decisions by the Commission and the timing of these cannot be predicted.