1.82% of Ireland’s Single Payments in Reserve

IRELAND’S Single Payment national ceiling for 2005 is €1,260 million, of which 3% (€37.8m) had been provisionally set aside to fund the National Reserve.

The cost of funding successful applicants under Force Majeure and New Entrants during the reference period has meant that the sum of individual entitlements has exceeded the national ceiling by €15.1m, requiring a 1.18% linear reduction of all entitlements.

In effect, therefore, the National Reserve now represents 1.82% of the national ceiling amounting to some €22.7m.