Wednesday, July 6

The Royal House closed 2021 with almost six million euros in its accounts

The Royal House has healthy accounts. This is what emerges from the report of the General State Comptroller – a department dependent on the Ministry of Finance – corresponding to the 2021 financial year and which puts a figure on the savings of the institution’s finances: 5,826,738.66 euros. The Royal House closed last year with almost six million euros in its accounts of “various financial entities or in the Bank of Spain”, according to the document that Zarzuela has made public this Friday afternoon. A part of that money is deposited in what is known as a “cash” in order to have liquidity for various expenses.

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The bulk of that money (5.66 million euros) is deposited in financial entities that are not disclosed. Only 108.77 euros are funds deposited in the Bank of Spain. In cash, he has 104,919.78 euros available and another 62,286.21 in foreign currency.

“This amount provides the necessary liquidity to meet the payments corresponding to the expenses produced by the Institution, in addition to facilitating the advances corresponding to expenses belonging to other Organizations or Institutions that are advanced by the House of HM the King but that will finally be assumed by said entities”, specifies the Intervention report.

In total, Zarzuela is owed 402,364.19 euros – most of which correspond to different State departments. And it is that beyond the budget allocation that the monarchy receives annually from the General State Budgets and which is around eight million euros, the ministries assume the bulk of the expenses derived from the activity of the Head of State.

Most of the debt corresponds “to advance payments by the House of HM the King that are finally assumed by other Organizations or Institutions and whose reimbursement is in process or pending payment.” “As of December 31, 2021, the accounting imputation has been carried out as an expense of the assets that make up the account “Obligations by other organizations. Cava“given the change in the procedure for compensation of expenses with the Ministry of Foreign Affairs, European Union and Cooperation, which will directly assume the same without them being anticipated and compensated by the House of HM the King”, collects the report of the dependent department of Treasury.

Another part of the debt corresponds to payments made by Zarzuela for members of the royal family who later have to bear the cost. “Also included among the debtors are the payments made by the entity, as a payment mediator, on behalf of members of the Royal Family, for subsequent reimbursement by them,” says the document, which assumes that the debts will be satisfied: “Given the nature of the debtors, the impairment of the aforementioned collection rights is not considered probable”.