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Irish media: Britain owes EU 47.5 billion euros

The figures can be found in the EU’s budget report for 2020, reports the Irish the broadcaster Thursday.

It states that the United Kingdom owes the EU 47.45 billion euros in accordance with a number of points that both parties agreed on in connection with the withdrawal agreement.

The question of what the UK might have to pay the EU after Brexit has been highly controversial.

The British Government’s budget office in March 2018 estimated that the total bill would end up at 41.4 billion euros.

According to the withdrawal agreement, an initial installment of 230 million euros will be paid in 2021. Most of the debt will be repaid over several decades, writes RTÉ.

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