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Spain’s King Felipe slashes salary by 20 percent

February 11, 2015 GMT

MADRID (AP) — Spain’s King Felipe VI has slashed his salary as head of state by 20 percent for 2015, a move in line with his pledges for a more moderate, fewer-frills monarchy.

A palace statement Tuesday detailing the royal household’s 2015 budget said Felipe, 47, would receive 234,204 euros ($264,580), a fifth less than his father and predecessor, Juan Carlos, received as monarch before abdicating last June.

Juan Carlos, who retains his honorary title of king, will receive 187,356 euros.

The palace budget, which has been frozen or cut since 2009 as Spain suffered hard economic times, remains unchanged in 2015 at 7.8 million euros.

Felipe has striven to improve the monarchy’s image, which has been tarnished by a number of scandals in recent years.