Royal financial report for 2006-07



The Queen as Head of State continues to cost the taxpayer just 62 pence per person per year - less than the price of two first class stamps - Buckingham Palace announced today at the publication of its annual report of royal finances.

The Royal Public Finances annual report, which includes details of public expenditure, states that Head of State expenditure for 2006-07 at £37.3 million is 0.3% lower than in the previous year. Over the past six years it has decreased in real terms by 7.0%.

Sir Alan Reid, Keeper of the Privy Purse, said:

"The annual cost per person in the Country, in funding the Head of State, amounts to 62 pence - the same as last year. This is the annual cost, not the daily, weekly or monthly cost. We are pleased that the total cost of the Monarchy is now 7% lower in real terms than it was in 2001.

"The reduction in the amount of Head of State expenditure reflects the continuous attention the Royal Household pays to obtaining the best value for money in all areas of expenditure.

"In the current year there was a real decrease in expenditure of 2.7% due mainly to a reduction in refurbishment costs at the Palace of Holyroodhouse, offset by increased costs in dealing with a greater number of Freedom of Information enquiries.

"Following the leadership role of The Prince of Wales, the Royal Household has started working on measuring its carbon footprint and is developing further action plans for reducing it. Success has been achieved in reducing carbon emissions on gas and electricity by 1,000 tonnes or 12 per cent during the year through lower energy consumption and the introduction of a new Combined Heat and Power Plant at Windsor Castle. The Royal Household has been committed to energy saving since 1985 and proactively responds to the requirement of the environmental imperative.

"However, since the allocation of the Property Grant-in-Aid was fixed by the Government in 1991, it has effectively been reduced by 69 per cent in real terms. Now there is a critical backlog in maintenance projects and if our historic buildings are to remain safe it is essential that the grant is increased by £1 million per year."


Download a two-page annual summary of expenditure 2006-07(pdf, 165kB)

The combined report can be downloaded in four parts in pdf format:

Part I: Introduction to Head of State expenditure 2006-07 (pdf, 406kB)

Part II: Civil List expenditure 2006 (pdf, 1MB)

Part III: Royal Travel Grant-in-Aid 2006-07(pdf, 2MB)

Part IV: Property Services Grant-in-Aid 2006-07 (pdf, 3MB)


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