Denmark will experience a historic day this Sunday, January 14. Queen Margaret will abdicate in favor of her son, Prince Frederick. With the imminent succession to the throne, attention is focused on the total cost that the royal family implies for the country. In this context, the figures speak for themselves,
The Finance Law of 2024, enacted before the announcement of the change of monarch, reveals that 16,582,116 euros have been reserved for various members of the Danish royal family. This amount, already very important, is destined to increase according to the new legislation proposed by the government. Finance Minister Nicolai Wammen has argued that this increase is necessary so that the royal house can develop and “be an asset for Denmark.”
Queen Margaret, as the central figure of the monarchy, receives a monthly allocation from the state of 1,019,627 euros, amounting to approximately 12,235,524 euros per year. This amount covers operational expenses, personnel expenses and the Queen’s personal expenses. Additionally, 1.5% of this total goes to Princess Benedicta for her official duties.
As for Frederick, about to become king of Denmark, he is expected to earn the same as his mother. Or even more. Prime Minister Mette Frederiksen has proposed that Prince Frederick maintain his current assignment until a new law is passed. The future Queen Mary also receives a large allowance of approximately €1,223,552 per year.
As for the future generation, Prince Christian, son of Crown Prince Frederick, was stipulated not to receive an annuity until he turns 21. The exception, about to be fulfilled, is if he became heir to the throne sooner, which will happen with the abdication of Queen Margaret.
Prince Joachim, brother of the future king, also receives a significant annual allowance amounting to 531,888 euros. On the other hand, Princess Mary, his wife, does not have any type of allowance.
