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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.
 


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The total budget for the royal family was €8.4 million



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