King Charles Coronation: How much will it cost and who's paying for it?

This Saturday, the United Kingdom will be celebrating the coronation of King Charles III and Queen Camilla – the first coronation in more than 70 years. 

The country is pulling out all the stops: a three-day celebration including street parties and a grand public procession. 

But there’s one question that appears to be on a lot of people’s minds: how much is this going to cost and who’s paying for it?

Well, the short answer: it’s complicated.

As with jubilees and other similar events, the total cost is only available months even years after the event. 

But the majority of experts believe the the coronation will cost approximately between €57 million - €113 million (£50 million to £100 million). 

Unlike weddings, which are paid for by the Royal Family, the coronation is a state function hence taxpayers will mostly be footing the bill.

The BBC claims some of the funding for the ceremony will also come from the Privy Purse - the Royal Family's private income, mostly from the Duchy of Lancaster. 

Much of the royal family’s expenses are covered by an annual taxpayer payment known as the Sovereign Grant. 

Funding for the Sovereign Grant comes from a percentage of the profits of the Crown Estate revenue, a collection of lands and holdings, owned by the monarch during their reign but independently controlled by a board. 

In 2022, it was set at the equivalent of €97 million  – roughly €1.50 for every person in the UK.

Most of the payment goes towards property maintenance, payroll costs, travel expenditures, and events. 

The late Queen Elizabeth’s coronation cost £1.5 million in 1953. That’s the equivalent of €56 million in today’s money. 

The doubled price tag for Charles’s coronation is mostly due to security, especially when it comes to