Housing, security and Monaco’s international attractiveness were among the priorities outlined by Minister of State Christophe Mirmand as the Government presented its latest agenda to the Principality’s media…
Housing for Monegasques remains a central commitment, with Mirmand confirming that 15 per cent of the 2027 State budget will be devoted to housing. Around 62 per cent of Monegasque residents currently benefit from State-owned housing, with the Government targeting 65 per cent and already examining further projects for 2030–2040.
Security was another focus, with 1,390 surveillance cameras now operating across Monaco and further measures planned. The Government also discussed the future of the Fontvieille shopping centre and confirmed that the waste treatment and recovery facility will be rebuilt on its existing site.
On the budget, the Government expects 2027 revenues of €2.193 billion against expenditure of €2.158 billion, producing a projected €35 million surplus.
Internationally, removal from the Financial Action Task Force’s grey list remains an “absolute priority”, as we reported yesterday. FATF determined in June that Monaco had substantially completed its action plan, paving the way for an on-site assessment, which has now taken place.
Mirmand said Monaco had completed the required technical stages and was now awaiting the outcome of the international review.
Image: Stephane Danna