In just a few days the history of the Danish monarchy will have changed forever. The current queen, Margaret II, abdicates at the age of 83 to her eldest son, Frederick, who will become King Frederick of Margaret herself.
From then on, the reign of Frederick salaries of the king and active members of the family.
A budget increase that will not be immediate after the coronation this coming Sunday, but will be effective during the month of February, when the next Finance Law is official. What is not yet known is how much the king’s allocation will be increased, although there is talk that it will be large.
This change in the budget comes due to the amount of money that future monarchs generate for the Danish economy each year, something that experts predict will increase over time, according to The Copenhagen Post newspaper. Furthermore, as was done during the reign of Margaret II, everything will be taken into account.
Also the allocation intended for the abdicating queen, who is expected to be granted maintenance when the new Pension Law is approved; something that will be done for the first time in almost a millennium, as it is the first time in 900 years that a sovereign voluntarily retires from the throne.
According to information from Nyheder24, in 2023 Queen Margaret received a monthly state allowance of 7.5 million Danish crowns (approximately one million euros). This amount also covered the operating costs of the royal household. Her sister, Princess Benedikte, received 1.5 percent of this allocation.
The crown princes, however, will receive an annual allowance, not as they have been doing until now, which was on a monthly basis. In 2023, Federico received 1.9 million crowns (about 255,000 euros) per month, while Mary received 10 percent of this amount.
From now on, the Danish Royal House will enjoy a notable increase in its allocation, reviewable every year and public in the accounts, as is the case with the salaries of the rest of the Danish state officials.
