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Queen Elizabeth II cuts budget

07-08-2010 13:50 BJT

Like millions of her subjects, Queen Elizabeth the Second is going to have make do this year. She's cutting spending and putting off palace repairs, as royal finances are squeezed by Britain's budget crisis.

Accounts published by Buckingham Palace reveal the total public cost of supporting the monarchy was 38 million pounds this year. That's 3 million pounds less than the previous year. The queen's household is reportedly making plans to cut back on official engagements, and reduce spending by 25 percent or more in the coming years.

Britain's public sector is facing cuts as the government tries to eliminate a record deficit.

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Editor:Xiong Qu |Source: CCTV.com

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