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Finance: UK Contributions

Volume 718: debated on Monday 8 March 2010

Questions

Asked by

To ask Her Majesty's Government what was the United Kingdom's gross financial contribution for the calendar year 2009, in sterling, to (a) the European Union, (b) the Commonwealth, (d) the World Trade Organisation, (e) the United Nations, (f) the Organisation for Economic Co-operation and Development, (g) the International Monetary Fund, and (h) the World Bank. [HL1722]

To ask Her Majesty's Government what the United Kingdom's gross financial contribution for calendar year 2009 was to (a) the European Union, (b) the Commonwealth, (c) the World Trade Organisation, (d) the United Nations, (e) the Organisation for Economic Co-operation and Development, (f) the International Monetary Fund, and (g) the World Bank. [HL2331]

The United Kingdom's interests are represented through its membership in various international institutions and fora. Information regarding the UK's financial relationship with a particular institution is a matter for the relevant government department.

The Government's latest estimate of the UK's gross contribution to the EU in 2009, after taking account of the UK abatement, is £7,770 million. This information is available in Table 3, page 62, of the 2009 European Community Finances White Paper (Cm 7640), which is available in the Library of the House.

Quota subscriptions determine the amount a member country can be asked to lend to the International Monetary Fund (IMF). The UK’s net contribution under its quota subscription was £1,134 million in 2008/09. The UK also provided £624,000 in grants in 2008/09 to support the IMF’s work in low-income countries. Further information on UK financial contributions to the IMF is available on a net basis for 2008/09 in the Government's latest report to Parliament on the UK and the IMF, published in June 2009.

Information for the Commonwealth, the United Nations and the Organisation for Economic Co-operation and Development (OECD) are matters for the Foreign and Commonwealth Office. The most recent Foreign and Commonwealth Office (FCO) annual report shows that for 2009/10 the FCO's budgeted provision the Commonwealth Secretariat was £4.6 million, for the UN regular budget was £75.6 million and for the OECD was £12.5 million.

Information on the World Trade Organisation (WTO) is a matter for the Department for Business Innovation and Skills. The WTO subscription for the 2009 calendar year was £6,061,004 (Swiss Francs 9,652,149), and was paid on 26 January 2009.

Information on the World Bank is a matter for the Department for International Development (DFID). In 2008/09 the UK contributed £524,806 to the International Development Association and made other contributions to the World Bank of £48,846.2009/2010 figures are not yet available but will be published on DfID’s website at the end of the financial year.