Swedish royal family will begin to teach government how a budget works

September 23, 2013

According to The Local:

Starting next year, the royals must provide a proper balance sheet and income statement detailing how they spend the money they receive from the state, complete with comments and notes, according to the government’s budget bill presented earlier this week…

King Carl XVI Gustaf and his family receive an annual sum…of roughly 127 million kronor ($20 million) from the Swedish state. Roughly half of the money goes to running the royal palaces, operations which have long provided an accounting of their expenses.

Entrance fees to palaces and other royal sites account for…137 million kronor in income.

To read the entire article in The Local, please click here.

King Carl XVI Gustaf of Sweden and Queen Silvia at Skansen, Stockholm 2010. Photo by Bengt Nyman.

King Carl XVI Gustaf of Sweden and Queen Silvia at Skansen, Stockholm 2010. Photo by Bengt Nyman.

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