Advertising Console

    Belgium's monarchy spending downsized but princely perks...

    euronews (in English)

    by euronews (in English)

    Belgium's new King Philippe will apply a reform of the royal finances approved by the government last month, a political gesture in keeping with the austerity of the times. He and his queen and father will be spared cuts, but the other members of the family will see allowances paid by the state reduced. All of them will finally lose their exemptions from income tax and 21% VAT.