Ireland will receive a total of £2.9 billion in structural and Cohesion funds during the seven years from 2000 to 2006.
That is made up of £2.38 billion in structural funds, £390 million from the Cohesion Fund, and £200 million from community initiatives, including the Republic's component of the Belfast Agreement.
The total figure compares with a take of some £6.5 billion for the six years from 1994 to 1999, but that also included a significant sum for farm headage payments.
This time that figure of £400 million has been transferred to the agricultural budget.
Adjusting for the difference in years and headage, that represents a cut of some 56 per cent in Ireland's average annual structural fund receipts.
Structural funding is divided between the State's two new regions. The western/Border/midlands region, with a population of about 1.1 million, retains full eligibility for maximum aid, and will receive £932 million over the period.
The eastern/southern region, with 2.5 million people and classified as a region in transition from Objective 1, will get £1.45 billion.
Funding will start in the latter region in the year 2000 at the same level per head as in Objective 1 regions, tapering off to a quarter of that level over the following five years.
On a per-capita basis the eastern region will receive some two-thirds as much in funding as the western one.
In theory, the result of regionalisation is to increase Ireland's take of structural funds by some £304 million, although without it the talks would certainly have taken a different course.
An additional deal, like the special £400 million for the Lisbon transitional region, might have been possible.
What was clear from the presidency's compromise paper late on Thursday night was that the Germans saw regionalisation as the sweetener for Ireland and did not feel the need to produce another one.
That might have been different if the subdivision of the State had taken place a year ago rather than last week.
A potentially calamitous fall in Ireland's Cohesion Fund receipts was averted by a rearguard action. This drove the presidency into retreat from its opposition to a mid-term, rather than an earlier, review of eligibility, and into an increase in the overall allocation from €15 billion to €18 billion in the last hours of the talks.
Ireland, whose GNP now stands at 87 per cent of the EU average, will certainly lose eligibility for Cohesion funding after 2003, as the limit is 90 per cent.
Ireland also took a hard hit in its allocation from "community initiative" funds, essentially the programmes directed from Brussels such as Interreg and the Northern Peace programme.
Receipts will be down to £200 million from the last programme's £380 million.
The figure includes £80 million from the cross-Border element of the new Northern peace programme.
The overall EU spending on structural and cohesion funding is set at €213 billion, compared with €239 billion originally proposed by the Commission. That is the real scale of the much-vaunted "stabilisation" of the budget, the mantra of the states which are net contributors.
To sweeten the pill for those forced to stomach cuts, the final package contains 14 special deals, ranging from help for the Highlands and Islands of Scotland, where elections are looming, to £80 million for east Berlin and special help with training in the Netherlands.
The final package also involves a significant simplification of the structural funding process and decentralisation of its administration.