The Royal Household is planning cuts to protocol and personnel expenses to conform with national austerity measures, El Pais reported today.
The Spanish daily newspaper said the Household was hoping to meet or exceed the new budget’s 2 percent reduction in Royal expenses.
The King’s representatives are also in talks with ministries, which offer support, and Patrimonio Nacional, which manages royal palaces, aimed at cutting costs.
The Crown costs the Spanish state about 8 million euros a year. The King receives about 293,000 euros in salary, a significant portion paid in taxes.