The coronation of the 700,000 euros

Buckingham Palace has published its accounts for the 2023 and 2024 financial years, coinciding with the first year of the reign of Charles III. The Sovereign Grant Report 2024 (the payment that the British government makes to the royal family) reflects all the activity of the Windsors, which brings their official commitments to more than 2,300 both in the United Kingdom and abroad. The amount received by the king remains at 86.3 million pounds (102.7 million euros) for the third consecutive year, but will increase to 132 million pounds (157 million euros) next year. This increase, according to The Guardian, is due to the financing of Buckingham’s works.

The sum mentioned includes the so-called basic grant of 51.8 million pounds (61.6 million euros) which is used for international travel, maintenance of assets and expenses related to the House. For the renovation of the palace, 34.5 million pounds (41 million euros) are allocated. At this point it should be noted that the restoration work at Buckingham, which will last ten years, has been set at a cost of 369 million pounds (439 million euros). In exchange, the monarch hands over the income generated by his assets to the Treasury.

More facts: Charles III’s coronation cost €714,000; and the Prince of Wales received £23.6m (€28m) in matching income from the Duchy of Cornwall, which he inherited from his father. And Frogmore Cottage? The property that was awarded to the Sussexes, and which they finally vacated after Megxit in 2020, remains empty. Before their exit from the Royal Family, Harry and Meghan carried out a renovation of the house that cost £2.4m (€2.8m). An amount that has already been returned to the public purse.

The monarch presided over 464 events alone during the period, which also included medical leave for his cancer treatment. Camilla presided over 201 events alone, according to The Guardian, citing the report by the House.