, the royals embarked on some rather large-scale engagements.
And now, in the Sovereign Grant report for 2022-2023, the extent of royal spending has been revealed and the official net expenditure by the monarch totalled £107.5 million for 2022-2023 compared to £102.4 million the previous year.Sovereign Grant The total taxpayer-funded Sovereign Grant equalled £86.3 million. Broken down, that’s made up of £51.8 million for the “core” funding and an extra £34.5 million for the reservicing of Buckingham Palace. This figure is the same as it was for 2021-2022. Funding the Sovereign Grant works out to cost each person in the UK £1.29, according to the report.
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