Spain’s monarchs reveal finances for first time

Spain’s royal family publicly revealed its finances for the first time Wednesday, as the nation faces an economic crisis and corruption allegations bring increased scrutiny to the monarchy.

King Juan Carlos receives 292,752 euros ($382,743) annually, the royal palace said in a statement. Prince Felipe, next in line to the throne, receives about half that amount

Queen Sofia, Princess Letizia, Infanta Elena and Infanta Cristina received a combined total of 375,000 euros for royal duties ($490,274) in 2011, the palace’s statement said.

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