An annual financial statement released on Thursday contained several revelations, including plans to cut the royal family's public funding, and details of how much tax the monarch paid.

The decision was announced Thursday during a briefing on royal finances at which Charles became the first British monarch to reveal the taxes he paid to the government.

King to end 189 years of history by moving out of Buckingham Palace, royals reveal as the monarch becomes the first ever to share the amount of tax paid