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Spanish Royal family get 1 pct pay rise

Xinhua, April 2, 2016 Adjust font size:

The Spanish royal household confirmed on Friday that King Felipe VI of Spain and other members of the Spanish royal family will receive a 1 percent pay rise for 2016.

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 U.S. dollars), while his wife, Queen Letizia will receive 130,092 euros and his father, Juan Carlos I 189,228 euros.

The official website of the Royal Household confirmed 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." Endit