Monaco’s government has presented its 2025 revised budget to the National Council, confirming an €86 million surplus and signalling continued economic strength despite global uncertainty…
Minister of State Christophe Mirmand, addressing councillors for the first time in a major budget session, called for “cooperation and calm pragmatism,” noting that the Principality’s economy remains in exceptional health, with overall revenue up and business activity above €10 billion.
He outlined several key areas of government focus:
Waste Management – Sovereignty First
While some councillors had suggested exporting household waste for treatment abroad, the government ruled out permanently outsourcing rubbish processing, insisting on maintaining Monaco’s autonomy. The existing plant will be rebuilt on-site, with temporary support likely from neighbouring Nice during construction.
Mobility – Trains Take Centre Stage
The government is prioritising rail transport as the backbone of future mobility. Two new TER trains part-funded by Monaco will enter service by 2028, with long-term ambitions to increase service frequency to one train every five minutes. Intercity buses operated by ZOU! and ZEST are also being expanded, while discussions on restricted traffic zones will continue with traders before any implementation.
Health and Infrastructure
The first phase of the new Princess Grace Hospital is nearing completion, set to open in September 2026 with 230 modern rooms and 520 parking spaces.
Fontvieille Commercial Centre Revamp
Negotiations for the full redevelopment continue, but a €2 million facelift will begin in 2026 to refresh the existing mall. Current shopkeepers will be met individually and supported through the transition.
Housing Remains the Top Priority
Since 2019, 696 state apartments have been delivered, with 460 more planned in the next five years.
Firm budget discipline, Mirmand concluded, remains essential, but Monaco intends to keep investing with confidence!
