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UK royals' spending up 17%, mostly for palace overhaul costs
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Buckingham Palace released its expense reports Wednesday, showing official expenditure went up 17% from the previous year.
The palace's net expenditure came in at £102.4 million ($123.1 million) total, with the largest expense being Buckingham Palace reservicing at £54.6m ($65.7m). The Royal expense site said this proved a 41% increase from the previous year. As a result, the Sovereign Grant reserve was reduced by £14.6m ($17.6m) to pay for reservicing work on the palace.
Despite COVID-19 restrictions, the Royals partook in a total of nearly 2,300 official engagements, with the Royal site saying international travel was "resuming to pre-pandemic levels."
"The year covered in the report reflects some return to normality in many ways for the Royal Household with physical engagements, travel and inward visits by Heads of States undertaken," said Sir Michael Stevens, Keeper of the Privy Purse, in a statement released.
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The most expensive tour was Prince Williams and Duchess Kate Middleton's March trip to the Caribbean, rounding in at £226,000 ($272,060).