Summary:
The Monegasque State’s net income reached a surplus of nearly 130 million euros in 2023, significantly higher than the previous year, thanks to increased budgetary revenue.
Full Story:
The Monegasque State’s net income for 2023 shows a significant surplus of 126.3 million euros, a considerable increase from the previous year’s surplus of 32.2 million euros. This surplus is primarily due to a significant growth in budgetary revenue compared to expenditure. The figures were released in a focus study by the IMSEE on May 7th. The surplus indicates the strong financial position of Monaco and its ability to generate income. It reflects the effective management of the state’s finances. The surplus will contribute to the overall economic stability and development of Monaco, benefitting both its residents and the local economy.
Source:
news.mc
