Monaco’s National Council has approved a significant mid-year adjustment to the 2025 budget, turning an anticipated €88.6 million deficit into a €86 million surplus — a swing of €174.6 million…
As reported by Hello Monaco, the amended budget, passed under draft law No. 1111, brings total revenues and expenditures to €2.369 billion.
The revision reflects a €356.5 million (17%) increase in revenue, offset by an €181.9 million (8.3%) rise in spending. The bulk of the revenue boost came from a sharp rise in tax receipts, up €273.5 million, followed by €65.1 million in additional government income.
Capital expenditure rose by €130.8 million, with €90 million allocated to replenish funds for the construction of Monaco’s new hospital and €70 million for acquisitions by the Constitutional Reserve Fund. Offsetting this, €21 million was trimmed from the SNCF Urbanisation – Charles III Base project due to program changes.
Ordinary expenditure adjustments totalled €51.1 million, including €32.7 million in public interventions and a €21 million increase in subsidies to the Princess Grace Hospital Centre and its affiliated facilities.
The Treasury’s special accounts reported €79.8 million in revenue and €75.9 million in expenditure, contributing to the positive overall balance.
The National Council stated that the revised figures leave public finances with a combined surplus of nearly €90 million, a sharp turnaround that underscores the Principality’s resilient economic position midway through the year.
