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News

SPANISH ROYAL FAMILY RELEASE THEIR BUDGET

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By Kevin Reardon / 2013-01-08 15:47:55

The total budget for the royal family was 8.4 million

The Spanish Royal Palace has released details of the state funding received by members of the Royal family on it’s website.

The king himself is paid €292,752 annually by the state and pays 40% tax on his income.
 
The heir to the throne, Prince Felipe, gets €146,376. Queen Sofia and the three princesses – Infantas Elena, Cristina and Princess Letizia – get €375,000 each. The total budget for the royal family was €8.4 million this year.
 
The royal palace denies the family were obligated to reveal their finances and insist the royals did so for the sake of modernization.
 




The total budget for the royal family was 8.4 million



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