According to the report, British monarchy receives $ 118 million state funds

According to the report, British monarchy receives $ 118 million state funds

The British royal family published its financial reports on Monday and announced that the government's annual flat rate remains £ 86.3 million ($ 118.50 million).

What is the sovereign grant?

This sum, known as the sovereign grant, serves to finance the maintenance of the royal palaces and the official tasks of the royals and is made from Financed tax money from the British citizens . In return, the monarch leaves all income from the Crown Estate, which includes a large real estate portfolio in the city center of London, the racetrack in Ascot and the sea floor around England, Wales and Northern Ireland. This regulation has existed since 1760.

The purpose of the sovereign grant

The sovereign grant acts as an expenditure budget for the monarch and his representatives. It covers the costs for public duties, including trips, personnel and the maintenance of historical buildings. A remarkable exception is the security, which also causes high costs, in view of the numerous public appearances and events in which the Royals take part.

public engagements and events of the Royals

According to the annual report on the Soverplate Grant, the members of the royal family carried out more than 1,900 public engagements in the United Kingdom and abroad. In addition, over 93,000 guests took part in 828 events in official royal palaces.

Financial overview of the sovereign grant

The total £ 86.3 million ($ 118.50 million), which remains the same for the last three financial years, is made up of a core amount of £ 51.1 million ($ 71.1 million) and £ 34.5 million ($ 47.4 million) to finance Buckingham Palace.

modernization of Buckingham Palace

The Buckingham Palace, one of the most important tourist attractions in the heart of London, is currently in a comprehensive modernization project, which includes improvements in electrical wiring, pipelines, elevators and barrier -free bathroom.

decommissioning the royal train

The financial report announced that the royal family will shut down the royal train "after a thorough review of its use and value". The monarchy has been using a specially constructed wagon from Slough to London Paddington Station since 1842, as Queen Victoria.

sustainability measures of the royals

In addition, the court plans to increase the use of sustainable flight petrol (SAF) and continue the electrification of your own vehicle fleet. Last year, the royal budget announced that it wanted to switch to an "almost completely electrical" vehicle fleet, but without specifying a specific target date. According to reports, the king's two bentleys should be converted to biofuel.

primary sources of income of the royal family

The three main sources of the royal family income are the sovereign grant, the lands of Duchy of Lancaster and Duchy of Cornwall as well as their personal property and investments.

Criticism of the financial support of the monarchy

The level of financial support for the British royal family has long been criticized. An anti-monarchist group calls for the sovereign grant and the British public should keep all the profits of the crown estate. Graham Smith, an activist of the Republic group, commented on the words: "The grant system is crazy. The financing does not increase due to an actual need, but because it is coupled to the state income from the country, which is managed by the Crown Estate." He noted that the palace budget was previously used to double the grant, which is currently no longer portable.

future of the monarchy

James Chalmers, the goalkeeper of the Privy Purse, said about the published figures: "Soft power is difficult to measure, but what I think is now clearly recognized both in Germany and abroad, since the central themes of the new rule are even more important and the royal family continues to work on the nation, the rich and the Commonwealth."