Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
European Union
- Credit: Source: www.futureatlas.com
Business
Politics
Brexit
EU contributions
European Budget
European Union
Herman Matthijs
Friday, 2 September 2016 - 10:19
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Brexit could cost Netherlands €750 mil. in extra EU costs

The United Kingdom's decision to leave the European Union could cost the Netherlands hundreds of millions of euros in extra EU contributions, according to Ghent professor Herman Mathijs in NOS. Britain contributed billions of euros to the European budget every year. But with the Brexit that contribution disappears and will have to be taken up by other EU countries. The budget deficit left by the Brexit is estimated at a net of over 13 billion euros. "In the current system the Netherlands contributes about 5 percent to the budget", Matthijs explained to the broadcaster. "The British gap is more than 13 billion euros. If the Netherlands therefore has to pay slightly more than 5 percent you end up with an additional amount of around 750 million euros." Or about 40 euros per Dutch citizen per year to come. According to the broadcaster, calculations by the French Senate reached similar figures. Europe may also implement cutbacks to cover the hole left by the UK. But according to NOS, cutbacks proved difficult to maintain in the European Budget in the past.

Follow us:

Latest stories

  • Alfred Schreuder fired as Ajax manager
  • PSV lose in Emmen; Groningen fans storm the field during the match
  • Pressure mounts on Alfred Schreuder as Ajax fails to beat FC Volendam at home
  • Nelson Mandela Bridge reopens tonight after repairs due to collapse risk
  • Hero dog from tragic 1953 flood to be honored with a statue
  • Anne Frank foundation launches online project giving insight into those who hid with her

Top stories

  • Alfred Schreuder fired as Ajax manager
  • English language books driving increase in Dutch sales; Audiobooks more popular
  • Housing construction will miss 2023 target by 30 percent
  • Icy roads trigger code orange warning in three provinces; Multiple accidents
  • European human rights court will examine Russia's role in MH17 downing
  • Netherlands considering providing Ukraine with Leopard 2 tanks

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content