Private funding for public projects

Michel Roger proposes private funding to reconcile fiscal prudence with the need to continue major public projects.

At a press conference earlier this week, Monaco's Minister of State announced a new initiative to fund public projects through private capital. Roger explained that the constitutional reserve fund can no longer serve as a bank to finance major building work. This should rather be set aside to support public spending in the event of a euro-zone disaster.

In 2012, 230 million euros (25% of the budget) will be spent on projects such as the new "lycee technique", the gerontology centre, the state housing block Rainier III and the new Conseil National building.

Des fonds privés dans les grands chantiers de l'État