Spanish royal family get 1 percent pay rise
The Spanish royal household announced that King Felipe VI and other members of the family will receive a 1 percent pay rise in 2016
Madrid: The Spanish royal household announced that King Felipe VI and other members of the family will receive a 1 percent pay rise in 2016.
Spain's King Felipe VI. Pic/ AFP / JAIME REINA
The pay rise, which is the same as that received by Spanish public sector workers, means Felipe will be paid a salary of 236,544 euros ($269,000), while his wife, Queen Letizia will receive 130,092 euros and his father, Juan Carlos I 189,228 euros, Xinhua news agency reported on Saturday.
The official website of the Royal Household confirmed on Friday that its budget for 2016 is 7,775,040 euros, which is the same as the last two years.
The majority of that money is spent for personnel costs (3.83 million euros) while 2.93 million is spent on day to day expenses, 662,316 on salaries for members of the royal family and 195,000 on "royal investments".