U.K.'s Queen Elizabeth down to last $1.6 million in reserves after royal overspend
LONDON -- Britain's Queen Elizabeth has just £1 million ($1.6 million) left in financial reserves after the royal household overspent on its budget last year, according to a report by British lawmakers released Tuesday.
The royal household had to dip into its reserves after overspending £2.3 million ($3.8 million) on the £31 million ($51.4 million) it was given by the taxpayer in 2012-13.
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