Huvud

Royal Finances

The Finance Department at the Royal Court manages four different categories of finances:  

1. The finances of the Court Administration
2. The finances of the Palace Administration
3. The finances of the Royal Djurgården Administration
4. The private finances of the Royal Family

The Court Administration and the Palace Administration receive funding allocations from the State, which are reported together with government funding allocations in the annual budget proposition under the heading Governance of the Realm.

The Court Administration


The budget allocation for the Court Administration is approximately SEK 49,6 million (2006).

This has to cover the cost of The King's official duties, including travel and expenditure by the Office of the Marshal of the Realm and its staff departments, Personnel, Finance, Information and Press, the Office of the Marshal of the Court and H.M The Queen's Household (departments that administrate The King and Queen's activities and households), The Crown Princess's Household, Princess Lilian's Household as well as the Royal Mews (motorised and horse-drawn transport and the care of historic carriages and harness).

This allocation, called the Appanage, is released at the beginning of the year. The accounts are audited by external auditors. Personnel strength in terms of permanent employees is equivalent to approximately 62 full-time positions.

The Palace Administration


The Palace Administration consists of the Office of the Governor of the Royal Palaces (management of the Royal Palaces and their grounds) and the Royal Collections (management and care of furnishings and art collections).

These two departments receive a total of some SEK 47,9 million (2006) from the State and in addition derive revenues from visitor and retailing activities at the various palaces. The budget allocation for the Palace Administration is disbursed monthly.

By agreement with the government, the activities of the Offices are audited by the Parliamentary Auditors. Personnel strength in terms of permanent employees is equivalent to approximately 101 full-time positions.
 

The Royal Djurgården Administration


The Royal Djurgården Administration (KDF), obtains revenue in the form of rents and leases to cover its expenses.

This administration is a separate accounting unit in its own right. It has an annual turnover of some SEK 50 million and about 25 employees. By agreement with the government, KDF is audited by the Parliamentary Auditors.

The Royal Family's Private Finances


The Royal Family´s private finances include Solliden, on the island of Öland, the grounds and pavilion of which are open to the general public, and Stenhammar, near Flen, which is leased from the State (by special testamentary disposition).

The same rules of taxation apply to the Royal Family as to other citizens.