Buckingham Palace released its expense reports Wednesday showing official expenditure went up 17% from the previous year.
The palace's net expenditure was 102.4 million and $123.1 million total, with the biggest expense being Buckingham Palace reservicing at 54.6 m $65.7 m The Royal expense site said this was a 41% increase from the previous year. The Sovereign Grant reserve was reduced by 14.6 m $17.6 m to pay for reservicing work on the palace.
Despite COVID 19 restrictions, the Royals participated in a total of nearly 2,300 official engagements, with the Royal site saying international travel was resuming to pre-pandemic levels. Sir Michael Stevens, Keeper of the Privy Purse, said the year covered in the report reflects a return to normality in a number of ways, for the Royal Household with physical engagements, travel and inward visits by Heads of States undertaken.
The Crown Estate surplus amounted to 345.0 million $415.9 m for the 2019 -- 2020 financial year, and came in at 226,000 $272,060 The Core Sovereign Grant was publicly funded to support Queen's official duties and keep up the royal palaces.
PRINCE ANDREW Looking ahead, with the Sovereign Grant likely to be flat in the next couple of years, inflationary pressures on operating costs and our ability to grow supplementary income likely to be constrained in the short term, we will continue to deliver against our plans and manage these impacts through our own efforts and efficiencies, Stevens said.
Prince Charles was under a lot of scrutiny recently after he received a suitcase full of paper bills from the former Qatari prime minister, Sheikh Hamad bin Jassim bin Jaber Al Thani. The Prince received a total of 3 million Euros $3.2 million, which was given for charity, according to the Sunday Times.
The Prince's team reported that he will no longer be able to cash donations after the incident.