May 8, 2023 | 4:06 PM
In less than two hours the three-day weekend announced in the UK for the coronation of the new king will end. Charles III And, like all events surrounding the monarchy, parallel to the festivities There was intense public debate about the appropriateness of staging such lavish ceremonies in current times.
The British government stressed in advance on this You won’t reveal the cost of the event until it’s over And the number, in any case, will depend on whether the part of the budget allocated, for example, to pay for unusual security devices, is included or not.
Buckingham Palace, for its part, does not provide any official information in this regard, but preliminary estimates They put the cost between 50 and 100 million pounds.
Read more: The coronation of King Charles III in the UK marks a new milestone for the British monarchy
On the other hand, the increase in income in the tourism and leisure sector as a direct result of this event should be taken into account, and this helps offset the economic expenditures.
But who exactly pays for the coronation?
According to the BBC, an “official event” with these characteristics is being run by the British government and Buckingham Palace through the Sovereign Grant and Royal Purse.
The first is funded by the British taxpayer and that its purpose is to cover the costs of trips undertaken by the king or members of the royal family representing him to further his official agenda, and The second comes from the king’s private income.
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With information from Reuters