Buckingham Palace says the monarchy cost British taxpayers 67 million pounds ($85.2 million) during 2018-19, a 41% increase in 2017 financial year.
The increase in the amount primarily came from higher levels of spending allocated to critical renovations for Buckingham Palace in London, AP reported. The iconic building in London is in the second year of a 10-year project after a Treasury report concluded the building’s infrastructure was in danger of a catastrophic failure.
According to AP, the total Sovereign Grant, which funds Queen Elizabeth II and her household’s official expenses, was 82.2 million pounds, or 1.24 pounds per person in the U.K. That figure includes 15.2 million pounds ($19.3 million) set aside for future phases of the palace renovation.
Last year, the royal family had 3,200 official engagements and welcomed 160,000 guests to royal palaces and events, the Palace said.