LEAKY roofs, ancient boilers and crumbling palaces: One is not amused.
The figure is significantly lower than the Pound35 million ($A66 million) the Palace had at its disposal in 2001.
The situation has led MPs to advise the Palace on how to save cash, after the government managed to slash its energy bills by one third.
It comes amid reports Buckingham Palace and Windsor Castle are in need of urgent repairs, with buckets used to catch raindrops and ancient boilers contributing to huge energy bills.
Labour chair of the committee Margaret Hodge said the Treasury has a duty to be "actively involved" in financial planning for the Palace and have failed to oversee matters properly.
She advised the Royal household to "get a much firmer grip" on plans to address the maintenance backlog.
A spokesman for Buckingham Palace said the repairs were a significant priority and the Royal household had doubled its income to more than $A22 million since 2007.
news.com.au 28 Jan 2014