PFM Board

Internal and External Audit => External Audit, an essential oversight function => Topic started by: chandra on November 25, 2022, 13:15:08 GMT

Title: What the Royal Family Costs Taxpayers and Where It’s Spent
Post by: chandra on November 25, 2022, 13:15:08 GMT

Worth watching ...... link here ....
https://www.wsj.com/video/series/news-explainers/what-the-royal-family-costs-taxpayers-and-where-its-spent/9BB57757-679C-41EE-B7AD-CAFCFB508183?mod=e2fb&fbclid=IwAR3lTPI4rOUsHEzlm27f0rxoM2tgf_legeqxu8e20z6uStIvln_eX1bIrMY

Title: Re: What the Royal Family Costs Taxpayers and Where It’s Spent
Post by: John Short on November 28, 2022, 10:23:02 GMT

I suppose this is a good example of Cost Benefit application, but it raises the question of the legitimacy of a monarchy irrespective of the CBA.  Should a monarchy exist anywhere in the world today even if it is just a constitutional one as in this case?

Title: Re: What the Royal Family Costs Taxpayers and Where It’s Spent
Post by: chandra on December 04, 2022, 14:07:37 GMT

Dear John,
You have raised valid points. Whether monarchs should exists depends on culture and long history of particular country and it's choice of citizens therein.It's a highly political matter of that particular country.
As per wikipedia, as of 2022, there are 43 sovereign states in the world with a monarch as head of state. There are 13 in Asia, 12 in Europe, 9 in the Americas, 6 in Oceania, and 3 in Africa.[a]
Link for further information: https://en.wikipedia.org/wiki/List_of_current_monarchies
Thank you.