FISCUS, THE CIVIL LIST AND THE SOVEREIGN GRANT (A COMPARATIVE STUDY)
FISCUS, THE CIVIL LIST AND THE SOVEREIGN GRANT (A COMPARATIVE STUDY)

Summary/Abstract: The purpose of this article is to examine and compare three different methods of financing the monarchy as well as to distinguish the private property of the monarch from the state property provided to him for use. The oldest of these, fiscus – was established during the Roman Principate and represented the wealth of the Roman emperors. The Civil List was first introduced at the end of the 17th century in England as a fixed sum provided by Parliament to finance the king. This approach was adopted by many monarchies in Europe and caused some constitutional and property issues. The Sovereign Grant – the last of the three financing methods, is a subsidy introduced by constitutional reform in 2011 in the United Kingdom, which replaced the Civil List.

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