Royal family costs $64m

[youallhumsup]

Jul 5, 2010
Royal family costs $64m

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Officials insisted that the royal household (above) were 'acutely aware of the difficult economic climate' and had taken action including freezing the number of employees. -- PHOTO: REUTERS

<!-- story content : start --> LONDON - THE royal family cost Britain's taxpayers 38.2 million pounds (S$64 million) in the last financial year, according to accounts released by Buckingham Palace on Monday. The figure, which represents 62 pence per person, was released with Britain facing deep public spending cuts as the new coalition government led by David Cameron bids to cut the country's record budget deficit.

Officials insisted that the royal household, which includes Queen Elizabeth II and her family, were 'acutely aware of the difficult economic climate' and had taken action including freezing the number of employees. The figure for 2009-10 represents a 7.9 per cent drop on the previous year, a fall attributed in part to royals taking fewer commercial charter flights.

But opponents of the monarchy are demonstrating outside the palace Monday to demand more clarity on how the royals spend public money. Finance minister George Osborne announced in last month's emergency budget that the royal household would face a funding shake-up and in future undergo the same audit scrutiny as other areas of government expenditure. -- AFP.

 

[sally]

I guess it is better to spend $64 million on a family than $2.8 billion on an entire cabinet, parlimentary secretaries, ceremonial president etc.

 

[Baroko]

I guess it is better to spend $64 million on a family than $2.8 billion on an entire cabinet, parlimentary secretaries, ceremonial president etc.

$2.8 billion? Sheesh, seriously I like to know how this number is derived.

 

[Teo Kok Eng]

From the GDP? Just like how PAP derieve the million dollar salary in the first place

 

[Capano2020]

At least they are of Royal blue blood that has given up their land and control and it is in the constitution to maintain them and the budget can be openly debated upon and cut if the peasants are not too agreeable on it!

Here we have the pseudo royalty that first draw an obscene sum of money in the millions just to stay ceremonial & in control, not forgetting the collateral expenses in medical, makan, travelling, households expenses & many more in the maintenence of the family which is thousands of times higher than any peasants!

Next the salary of their families & cronies as directors & CEO in all the MNC under the GIC groupings! Are they really that smart to run all these joints and are peasants that dumb not being able to run these joints? We need to know that they are directors on not one but few and sometimes so many GIC companies that they don't know the name of the company & the location and the business involved! Again, their expenses are again being taken care of!

Come the porlumpars with the same benefits & scenario!

These genius running the GIC business incur billions of dollars in losses with their calculated inteligent guesses, whose money are these?

Are we so sure that there are no monkey business going on and why they can't present the balance sheet to Ong Teng Cheong when he asked for it?

64 million is just a drop in the ocean comparing with the SINGAPORE QUESTION!

 

[Char_Azn]

I guess it is better to spend $64 million on a family than $2.8 billion on an entire cabinet, parlimentary secretaries, ceremonial president etc.

Can U please show how U came up with that number? Thanks

 

[Orion]

2,8B is too little.

In 2009, our gov budget is 60B, up from 40B. It is in the newspaper and with 30B unaccountabled for.

Our minister pay are in excess of 28B.

2.8B is too puny.

Also, we lost more than 100B last year.

 

[Char_Azn]

2,8B is too little.

In 2009, our gov budget is 60B, up from 40B. It is in the newspaper and with 30B unaccountabled for.

Our minister pay are in excess of 28B.

2.8B is too puny.

Also, we lost more than 100B last year.

IIRC Our President is paid close to SGD$4m and he is the highest paid one. $2.8B = $2800million. We seriously do not have that many ministers
BTW MPs are only paid about 10-20K per month which brings up about 200K each and we don't have that many MPs to begin with.
How that figure can balloon to $2.8B is beyond me which is why I'm interested to know how it came about. To say it can be even more then that is just plain ridiculous.