Northern Ireland could be be financially better off in a united Ireland- claims new report
A new report has claimed that Northern Ireland could be financially better off in the event of a united Ireland.
'Northern Ireland's Income and Expenditure in a Reunification scenario' was researched by Gunther Thurmann who worked in the German Desk for the International Monteary Fund (IMF) during German reunification and Fianna Fail Senator Mark Daly.
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The research was conducted on the behalf of the Oireachtas Joint Committee on the Implementation of the Good Friday Agreement.
Senator Daly previously produced a report entitled 'Brexit & the Future of Ireland Uniting Ireland & its People in Peace & Prosperity' for the committee.
The pair carried out the report to look at the income and expenditure of Northern Ireland in a reunification situation.
They compiled the research which analysed Ireland's place in the world in various global indexes and its performance since independence.
The research found that with the current reported deficit the Northern Ireland budget could come close to a balanced budget after re-unification before examining the potential economic benefits that re-unification would bring.
Daly and Thurmann's research found that Northern Ireland's yearly social protection budget of £2.8bn would still be the responsibility of the British Government while Northern Ireland would no longer be responsible for £2.9bn in defence and UK debt interest payments.
The research said that a total of £8.5bn would be saved through reunification while the current reported deficit for Northern Ireland is £9.2bn.
Senator Daly claimed that the Department of Foreign Affairs did not want to release the findings until "after Brexit".
"This is unacceptable interference by the Department of Foreign Affairs in the work of the Dáil and Seanad," Senator Daly told journal.ie.
"The fact that officials in the Department of Foreign Affairs do not what this information released and the motivation behind it need to be answered."
The Irish Department for Foreign Affairs declined to comment.
Belfast Telegraph Digital