Monaco’s elected officials have voted overwhelmingly in favour of the 2025 Amending Budget — and the numbers tell a powerful story about the strength of the Principality’s finances…
Passed with 17 votes in favour, four against and three abstentions, the revised budget now shows a surplus of €86 million, a remarkable turnaround from the €88.6 million deficit projected at the end of 2024. In other words, Monaco has effectively shifted its fiscal position by more than €170 million in the right direction; a feat few countries could dream of in the current global climate.
Over three public sessions, members of the National Council debated the allocations before reaching broad consensus. Minister of State Pierre Dartout hailed the vote as proof of “constructive dialogue” between government and parliament, emphasising that the approved budget now equips every public service with the resources needed to carry projects through to year-end and beyond.
National Council President Thomas Brezzo welcomed the outcome, noting that while debates had been robust, the end result demonstrated the value of cooperation over confrontation.
With growth-driving investments secured and revenues outperforming expectations, Monaco enters the final stretch of 2025 with confidence. Its next major test will come in December with the presentation of the 2026 initial budget.
For now, one message is clear: the principality’s economic engine is running at full power!
