His Majesty King Albert II of Belgium Proposes to Cut the Royal Family’s Allowance

With his country in serious financial debt, His Majesty King Albert II of Belgium proposed to cut the royal family’s allowance for 2012 through 2013.  In a statement from the royal palace, His Majesty “…aims to voluntarily contribute to economy measures…” decided by the new government to avoid breaching the EU’s 3% deficit threshold.  According to the Associated Press, the royal family received an allowance of around $13 million (roughly) in 2011. His Majesty also offered to pay for maintenance as well as for the extensive renovations needed on royal residences, which is normally financed by the state.

Sources Associated Press and La Monarchie Belge

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