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  #1  
Old 09-29-2016, 01:48 PM
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Costs and Finances of the Swedish Royal Family

Costs and Finances of the Swedish Royal Family





As per the latest information the Swedish Royal Family budget allocation is
SEK 65 million.You can read more on this below.



Royal Finances - Sveriges Kungahus
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Old 09-29-2016, 02:07 PM
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Quote:
Originally Posted by An Ard Ri View Post
Costs and Finances of the Swedish Royal Family





As per the latest information the Swedish Royal Family budget allocation is
SEK 65 million.You can read more on this below.



Royal Finances - Sveriges Kungahus
SEK 65 million is just the Court Administration budget, which covers, as explained before, the King's Household, the Queen's Household, Crown Princess Victoria's household, and the Royal Mews. A roughly equal amount (SEK 62.5 million) is further allocated for maintenance of the Royal Palaces and the Royal Collection. The Royal Djugården administration is, on the other hand, a separate self-funded public trust whose revenue comes from commercial rents and leases, but, unlike the Crown Estate in the UK or the Donation Royale in Belgium, is a department of the Royal Court.

What I find most surprising is that, in addition to all of the above, the Finance Department of the Royal Court also manages , according to its website, the personal finances of the Royal Family, which is odd in my opinion.
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Old 09-29-2016, 04:25 PM
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I suppose we live in a world today where some people feel because certain people are public figures that their expenses need to be justified and this may be true in the case if you supposedly live on tax payers money ( I am not Swedish but I have the most respect for Swedish people and their laws so I men nobody any offense by any means) but I do think that anything private where that money goes what they do it with it doesn't deserve to be looked at.


I don't understand the Appange issue lately that came up with the king's two youngest children. Was this topic even discussed 10-20 years ago? Probably not. Today seems far more focused on knowing more than maybe we are entitled to know.
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Old 10-05-2016, 11:17 AM
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An article about the portfolios of the royal family.
The court's chief financial officer Jan Lindman emphasizes that equity portfolios is only one of several asset classes in the royal family's wealth.
- We are trying to balance the risks by having different asset classes, like the equity and fixed income funds. It is planned for long term and quite traditional.
It is no coincidence that much of the royal family's equity investment are in Swedish shares.
- What the royal family does in this is to invest in Swedish equities because they believe in Sweden, says Lindman.
Lindman has the authority to buy and sell shares. The royal family is informed only afterwards if the stores.
- Since the royal family in general, especially the king, are very well informed about things in society through their positions and through the contacts they have in the business world, they are not personally informed decisions on individual stocks. The type of decision I take individually. I inform them afterwards, he says.
Här är kungahusets stora aktievinnare – hela familjen _ Dina Pengar
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Old 11-16-2016, 03:40 PM
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Expressen publishes salaries of swedish celebrities and well-known people in 2015.

Of the royal family members they publish the capital incomes, not salaries.
Carl XVI Gustaf, king 23 130 419 SEK
Carl Philip, prince 8 583 714 SEK
Madeleine, princess 2 365 891 SEK
Silvia, queen 2 031 402 SEK
Victoria, princess 2 238 488 SEK
Margareta Thorgren, director of the press department 1 306 500 SEK (salary)
Nya siffror_ Så mycket tjänade kändisarna 2015 _ Dina Pengar
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Old 11-16-2016, 04:12 PM
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Quote:
Originally Posted by LadyFinn View Post
Expressen publishes salaries of swedish celebrities and well-known people in 2015.

Of the royal family members they publish the capital incomes, not salaries.
Carl XVI Gustaf, king 23 130 419 SEK
Carl Philip, prince 8 583 714 SEK
Madeleine, princess 2 365 891 SEK
Silvia, queen 2 031 402 SEK
Victoria, princess 2 238 488 SEK
Margareta Thorgren, director of the press department 1 306 500 SEK (salary)
Nya siffror_ Så mycket tjänade kändisarna 2015 _ Dina Pengar
Is that the capital income after taxes or before taxes ? When converted to US$ dollars, it is actually a modest income (only the king's income is above 1 million dollars for instance).
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Old 06-14-2017, 08:01 AM
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In documents that Expressen has noted, it appears that the court wants the government to allocate almost SEK 55 million to increase the security of the Royal Palace.
The security around the court doesn't "no longer match the requirements that should be met". The threat scenario towards the Royal Palace, where King Carl Gustaf and the other members of the Royal Family have their workplace, is identified as "most acute".
This is evidenced by a document sent to the Ministry of Finance, where the Marshal of the Realm Svante Lindqvist and the Governor of the Royal Palaces Staffan Larsson request that the government allocates almost SEK 55 million to increase security at the Royal Palace.
The document shows that the court now conducts a systematic security work where the need of the security and protection is reviewed. The process will take several years - and the court says that they will return annually with suggestions on how to strengthen the security of their work.
"This year, the focus has been on safety at the Royal Palace in Stockholm, when the threat scenario to workplace of the Head of state was identified as most acute. The reason is partly the changing threat scenario that is found against public goals, and partly that it has been a long time since the Palace was invented in terms of physical security", says the document.
The cost of raising the security is estimated at SEK 54.9 million in four years. The Royal court wants 51 million to be given to The National Property Board, which is property manager for the Palace, while SEK 3.9 million is to be distributed to the court in order to increase security.
"It is the wish of the Royal court that the necessary resources are made available so that the security of the Head of state can be guaranteed", the court writes in the letter.
Lena Westin, the Senior Adviser at the Ministry of Finance, said that the request for more money was not included in the court's budget foundation to 2018, sent in March.
- The budget process has already been going on for a long time. It is very urgent in such cases if a positive decision can be made. We must look at what possibilities there are.
"This appeal is about increasing the security of the royal Palaces (which are open for public), ie the Palaces owned by The National Property Board. It should not be blended with the annual allocation to the Royal court, states the Governor of the Royal Palaces Staffan Larsson in an email to Expressen.
When do you hope that the money will be suppllied?
"It is important that the safety work is taken seriously. With this appeal, the process of raising the security around the Palace together with The National Property Board is under way."
Larsson also writes that the king is kept informed about the safety work at the Palace.
"The king is informed of the major overall security issues."
Hovet kräver 55 miljoner extra till säkerheten på Slottet _ Kungligt _ Expressen
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Old 06-14-2017, 10:53 AM
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That smells of a request for more alarms and more cameras and measures against road-bombs used to crash into buildings.

The palace in Stockholm is large, with way too many entrances and other ways to get in and there is probably not enough sentries as it is today.

The palaces outside Stockholm are even more vulnerable IMO.
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Old 09-17-2017, 02:18 AM
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Karin Lennmor, Expressen's royal commentator wrote at her chronicle on 15th September:

Is it reasonable that we pay for the entire royal family?
The royal family grows fast. In seven years, the king's family has been extended with three people married to it and six grandchildren, with seventh on the way.
Such a large family means of course increased costs.
Many ask me: "Is it really reasonable that we pay and maintain the entire royal family?"
This year, the royal house received SEK 137 million from the state. The entire sum was paid in January. Little less than half goes to the maintenance of the eleven palaces. The remaining millions, about 70, go to the Royal Court. The king decides how the money is distributed.
Jan Lindman, the Treasurer of the court, has told that everyone who is part of the Order of Succession gets apanage.
The sum the king requests from the state has increased quite dramatically since 2010. The predictions show that the apanage will continue to increase by about eight million a year until 2020. The court says that the security measures make them need more money.
Recently, liberal politician Robert Hannah said:
- It is unreasonable for the state to provide such a large family.
And more and more people actually begin to think about that. Even I.
Is there any reason for providing seven, maybe even more, prince and princess families in the future when all these children grow up?
That the head of state and his wife get apanage is obviously natural. That Crown Princess Victoria and her family get money is also okay, she is the heir to the throne.
We don't know how the apanage will be distributed when the grandchildren become adults. But speculative: Will prince Alexander be provided by the Swedish people?
Is it appropriate that we provide the entire royal family? Should members of the royal family instead be allowed to work and earn their own money? Should grandchildren, princes and princesses be provided as adults?
This is more about the principle than the money. 137 million, divide it with all who live in Sweden, 10 million people, it will be SEK 13,70 per person.
I pay that gladly for having a royal house! The question is only - to whom?
Är det rimligt att vi ska betala för hela den kungliga familjen_ _ Karin Lennmor _ Expressen
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Old 11-27-2017, 10:09 AM
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Quote:
Jan Lindman, the Treasurer of the court, has told that everyone who is part of the Order of Succession gets apanage.
[...]
We don't know how the apanage will be distributed when the grandchildren become adults. But speculative: Will prince Alexander be provided by the Swedish people?
Is it appropriate that we provide the entire royal family?
Should members of the royal family instead be allowed to work and earn their own money? Should grandchildren, princes and princesses be provided as adults?
The current policy creates the impression that Prince Alexander and his brother and cousins will not be "allowed to work".
Quote:
Originally Posted by LadyFinn View Post
The court's press release about the policy of the Members of the Royal Family's ownership in companies from May 2014:
Members of the Royal Family may be the owner or co-owner of a commercial company. Nor are there any constitutional obstacles to the royal family to own shares or part of the company. The royal family is however restrictive when it comes to engaging in commercial activities.
The Royal Court's policy on corporate issues is inter alia, that the Royal Family should not:
Be members of the commercial companies' boards
Be ceo or vice ceo
Be full-time employees

Policy kring Kungafamiljens ägande av bolag - Sveriges Kungahus

While the king's children and children-in-law allegedly have millions of dollars in private wealth, will it be adequate to maintain Prince Carl Philip's and Princess Madeleine's children, children-in-law and grandchildren without obtaining taxpayer funds?

Further, granting that all of the Royal Family (not merely the members of the Royal House) are forbidden to seek full-time employment, will taxpayers be requested to provide for all eventual descendants of King Carl XVI Gustaf whose spouses are not sufficiently wealthy to provide for them?
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Old 11-27-2017, 11:00 AM
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I would hope they change that policy as it is quite absurd that the Swedish people would need to provide for Alexander, Gabriel, Leonore and Nicholas. If the expectation is that the brothers and sisters of the heir also fulfill royal duties it seems reasonable to provide for them but in most countries the tendency is to lower the number of active members (and the number of titled members) instead of increase them. However, it looks like Carl Gustaf likes to both hand-out title and money to his descendants.

I don't believe that there currently is a limit in degree of sanguinity for being in the line of succession, so according to the treasurer in a few generations the Swedes should be paying for probably more than 40 princes and princess/descendents of Carl Gustaf as long as they are members of the Lutheran church and grew up in Sweden...

In the mean time they could still work as long as it is part-time (would working for two different organizations half-time also count as full-time?). Interestingly the policy talks about commercial activities and 'corporate issues', so could they work (full time) for a not-for-profit organization?
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