Unforeseen expenses for the Danish royal family led to a total annual deficit of DKK 2.8 million in 2017.
The deficit will be covered by the royal family’s equity, which currently stands at approximately DKK 14 million.
“Our equity is the result of net savings from previous years, which can now cover last year’s expenses,” the royal family said in a press release.
The royal finances also include salaries for its members. Queen Margrethe receives approx. DKK 6.7 million per month from the state. Crown Prince Frederik receives approx. DKK 1.6m per month, while Prince Joachim receives DKK 295,000 per month, according to Danish national broadcasting corporation DR
This article was originally published on Kvf.fo
CORONA AID FOR LOCAL.FO! ($10/month)
Due to the Corona virus, Local.fo is asking it’s many readers to consider start paying small amounts for their dose of the latest local news from the Faroe Islands.
Local.fo currently has only 25 supporters who are making small monthly financial contributions. All funds go towards steering through the Corona times and making Local.fo better! CLICK HERE FOR MORE INFORMATION