Bloomberg News

Spanish King Juan Carlos Received 140,519-Euro Stipend in 2011

December 28, 2011

Dec. 28 (Bloomberg) -- King Juan Carlos received a stipend of 140,519 euros ($183,000) before income tax from the Spanish state in 2011, less than Spanish Prime Minister Mariano Rajoy earned as an opposition leader last year.

Spain’s king received an additional 152,233 euros to cover expenses related to his duties as monarch, the royal press office said today on its website. It’s the first time in more than 30 years that the royal family has provided details about its annual allowance, which was 8.4 million euros in 2011.

Rajoy made 227,000 euros as head of the People’s Party and member of parliament last year, according to parliamentary filings released on Sept. 8 under a new transparency law. Spain’s premier had a tax bill of 87,652 euros for his investment income and rental income from four homes he owns.

Rajoy also earned more than former Prime Minister Jose Luis Rodriguez Zapatero, whose Socialist party was beaten in a national election on Nov. 20. Zapatero took home 67,400 euros in 2010, after tax, according to the filings.

--Editor: Patrick G. Henry

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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