Spanish Monarchy reveals budgets and costs for the very first time

This year the global cost was 8.43 million €.

The Spanish Royal Family - Photo EFE

The budget for the Spanish Royal Family has been published and placed online for the very first time in a new effort of transparency and shows the global cost of the Royal Household in 2011 was 8.43 million €.
The amount of that going to the Royal Family is 814,128 €, 9.65% of the total budget, while other personnel costs were 4,039,000 or 47.89%.

Other current costs for services were 3,275,000 € or 38.83% of the total, and in addition there were 100,000 € for royal investments and 206,000 for a contingency fund.

The accounts show that the King himself gets 140,519 € as a wage, and then 152,233 € for representation expenses.

The Prince of Asturias gets half the amount assigned to the Monarch, while the Queen, Princess of Asturias and the Infantas Doña Elena and Doña Cristina only get representation costs in proportion to activities each year. The total budget this year for those costs had a limit of 375,000 €.

Iñaki Urdangarin and Jaime de Marichalar do not get any income from the royal budget.

The royal household has made it clear that both the King and the Queen, as well as the other members of the royal family are all subject to tax, and annually present an IRPF income tax declaration.

By the way to compare, the British Royal Family spend 32.1 million pounds, abot 40 million €.

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