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Spanish royal household publishes earnings, expenses


13:28, December 29, 2011

MADRID, Dec. 28 (Xinhua) -- King Juan Carlos II of Spain earns a total of 292,752 euros (about 382,000 U.S. dollars) a year, the royal household revealed on Wednesday.

The King receives his money in 12 monthly payments and pays 40 percent of his earning in tax according to the figures published by the Palacio de la Zarzuela.

Prince Felipe, the Prince of Asturias and the heir to the throne, earns exactly half as much as his father. Because he earns less money, he also pays a lower 37 percent tax.

Queen Sofia, the Princess of Asturias and the King's daughters, Elena and Cristiana, share a total of 375,000 euros between them.

Neither Cristiana's husband, Inaki Undangarin, who is currently under investigation for corruption, nor Jaime de Marichalar, receive any money from the state.

In all the royal family is paid a total of 814,128 euros, which makes up less than 10 percent of the overall budget of 8.43 million euros, paid by the Spanish state.

Most of that money went in personnel costs with 4,039,000 euros spent on a total of 509 people who work for the royal household.


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