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As the world prepares to watch King Charles III officially take the throne Saturday, there is much discussion over how much the coronation festivities will cost taxpayers.
The star-studded ceremony at Westminster Abbey is said to be a “scaled back” affair due to the current economic climate — but it’s still estimated to cost between $63 million and $125 million, according to the BBC.
The Post reached out to Buckingham Palace for comment.
An exact price tag may not be released, however, the Royal Household will publish its annual financial statement detailing expenditures, in June.
The event — which includes a “king’s procession” and a concert in Windsor Castle featuring Katy Perry and Lionel Richie — is expected to be more expensive than Queen Elizabeth II’s coronation in 1953, which would have cost $57 million today.
More security is said to be a reason for the increased sum.
Coronation weekend is a divisive issue, with many arguing taxpayer money shouldn’t be used amid the cost-of-living crisis in the UK.
