New era on the Throne of Denmark. Margarita II, 83 years old, passes the baton to her son this Sunday, January 14, as she herself announced. After 52 years as head of the Danish Crown, the Queen will abdicate Frederick X in a sober and minimal ceremony, in the antipodes of the splendor of Charles III in Westminster in London that we saw in May of last year. The Danish press publishes what the Royal Family's allocation is. How much does it cost taxpayers? These are the data collected by the newspaper Extra Magazine.
The salary received by Margaret II and her family makes headlines in the Danish media on the occasion of the succession of the throne from the monarch to her son. The annual budget of the House is 120 million crowns (about 16 million euros), as published in the aforementioned digital. An amount that could be increased after Federico's proclamation, as mentioned by the newspaper citing the Minister of Finance, Nicolai Wammen. To this we must add the endowment allocated for the conservation of castles, whose ownership falls to the State. Among the most famous, those of Amalienborg and Christiansborg.
The money that the State injects into the House, which is called prerogative (means prerogative and refers to income) is regulated through the Finance Law. The newspaper states that this subsidy covers personnel, administration and private expenses of the Queen.
The Spanish Royal House has a budget of 8.43 million
And how much of that allocation belongs to the one who will be the new King of Denmark? Prince Frederick and Mary had a salary of 22.4 million crowns (about 3 million euros) in 2023.according to Extra Magazine, which also points out that his son Christian, due to his status as heir, will begin to receive his corresponding annuity when he turns 21 (he is 18). These budgets also include the income of Federico's brother. Joaquín receives 4 million crowns (about 536,000 euros). Comparatively, we see that The budget of the Spanish Royal House is much lower: in its transparency policy, it reaches 8.43 million, as made public in 2023. Don Felipe's salary is 269,296 euros; and Letizia. 148,105 euros.
Federico faces his arrival to the Throne with a marked estrangement with his brother. Joaquín watched as his mother, the Queen, stripped her four children of the title of royal highness, a setback that the prince and his second wife, Marie, experienced as an insult. However, Margarita's intention pointed to an institutional interest in restructuring the house's organizational chart and also rationalizing resources. It was in January 2023. Months later, the royals left Copenhagen and settled in the United States. Now we know that it will be Joaquín, alone, who will attend the proclamation of the new king. Marie has decided to stay at her house in Washington.