A Renewed Financial and Economic Strategy for Monaco
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In a constantly changing world, Monaco is proactively evolving its strategy to keep its public finances strong, make the country a more attractive destination, and support long-term, sustainable growth. That’s how the Principality is preparing for the future.
Public finances: sound management to build for tomorrow
Monaco is one of the very few countries in the world with no public debt. By adopting a policy of careful financial management and building up a healthy Constitutional Reserve Fund by investing budget surpluses year after year, the Principality has secured solid, indisputable financial independence and can look forward to the future with confidence.
This independence, together with country’s exceptional political stability and well-established institutions, helps to ensure the appeal and reputation of the Monegasque model.
Even with these advantages, the Government is actively working to identify new sources of revenue, to deliver a balanced budget and continue funding the major infrastructure and development projects that will shape Monaco’s future.
With this in mind, it has launched a review of potential new income streams while also redoubling efforts to optimise the way existing revenues are used, with an emphasis on maximum efficiency and sound management of the public purse.