Managing public finances
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Public finances: meeting challenges more effectively.
Monaco is one of the very few countries in the world with no public debt. Thanks to rigorous management and the Constitutional Reserve Fund (FRC), accrued each year through budget surpluses, the Principality enjoys undeniable and robust financial independence, which provides peace of mind for the future.
This financial independence, together with the Principality's exceptional political stability and that of its institutions, contributes to Monaco's appeal and influence.
See also
The Government