Palace reports losses for 2009 / News / The Foreigner

Palace reports losses for 2009. Travelling, restoration work, and development make a financial hole. 452 official engagements, rehabilitation of Oscarshall Castle, the Palace, and the King’s main farmhouse at Bygdøy have eaten into the Royal finances. The Royal Family’s Annual Report for 2009 shows the Palace had a deficit of over 1.37 million kroner. Expenses for Crown Prince Håkon and Princess Mette-Marit’s staff gave them arrears of a figure just short of 838,000, whilst guided tours of the Palace and other Royal properties caused a shortfall of 206,313 kroner precisely.

palace, royal, family, king, prince, haakon, oslo, princess, mette-marit, skaugum, budget, loss, deficit



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Palace reports losses for 2009

Published on Monday, 12th April, 2010 at 08:42 under the news category, by Michael Sandelson   .

Travelling, restoration work, and development make a financial hole.

The Royal Palace in Oslo
The Royal Palace in Oslo
Photo: xdmag/Flickr


452 official engagements, rehabilitation of Oscarshall Castle, the Palace, and the King’s main farmhouse at Bygdøy have eaten into the Royal finances.

The Royal Family’s Annual Report for 2009 shows the Palace had a deficit of over 1.37 million kroner. Expenses for Crown Prince Håkon and Princess Mette-Marit’s staff gave them arrears of a figure just short of 838,000, whilst guided tours of the Palace and other Royal properties caused a shortfall of 206,313 kroner precisely.

There were also costs associated with the management, operation, maintenance, and development of the couple’s private properties such as Mågerø, Sikkilsdalen, and Kongsseteren, as well as personal expenses.

Their official residence at Skaugum was the worst offender, though, draining 4,875,000 from the Royal money pouch.

However, the tax-payers can rest easy in their beds. The deficit will be covered by accumulated assets, including existing deposits and equity.



Published on Monday, 12th April, 2010 at 08:42 under the news category, by Michael Sandelson   .

This post has the following tags: palace, royal, family, king, prince, haakon, oslo, princess, mette-marit, skaugum, budget, loss, deficit.





  
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