Government budget and revenue in Canary Islands, Spain: official figures
The consolidated 2026 budget of the Canary Islands totals €13.16 billion, 8th largest of 17 regional budgets and 4.7% of the combined budgets of the 17 autonomous communities; it is 6.6% up on 2025.
Does the Canary Islands have a budget deficit?
The 2026 budget of the Canary Islands plans a non-financial deficit of €562 million, equal to 0.88% of regional GDP (5th weakest balance of 17); the 17 communities together plan a surplus of €3.39 billion, 0.2% of GDP.
Source: Ministerio de Hacienda · saved copyHow much does the Canary Islands spend on public sector salaries?
Non-financial revenue in the Canary Islands' 2026 budget is €11.93 billion and non-financial spending €12.49 billion; staff costs take 39.5% of that spending (9th highest of 17) and real investment 8.3%.
Source: Ministerio de Hacienda · saved copyHow much tax does the Canary Islands collect?
Tax revenue (direct and indirect taxes) in the Canary Islands' 2026 budget is €4.94 billion, 7th smallest of 17; its share of personal income tax (IRPF) is budgeted at €2.53 billion and its share of VAT at €0 million.
Source: Ministerio de Hacienda · saved copyHow much debt does the Canary Islands pay each year?
Debt service (interest plus repayments) takes €751 million in the Canary Islands' 2026 budget, 5.7% of total spending, against 14.8% across all communities; the budget plans new borrowing of €703 million and repayments of €647 million.
Source: Ministerio de Hacienda · saved copyHow much does the Canary Islands raise from inheritance tax?
Among the taxes the Canary Islands sets itself, the 2026 budget expects €32 million from inheritance and gift tax, €44 million from wealth tax and €501 million from property transfer and stamp duty (ITP-AJD).
Source: Ministerio de Hacienda · saved copyHow Canary Islands compares with other autonomous communities
Regional government budget, 2026 (total spending, € billion) (2026)
Canary Islands ranks 8 of 17, highest first.
| Rank | Region | Regional government budget, 2026 (total spending, € billion) |
|---|---|---|
| 5 | Basque Country | €17.33bn |
| 6 | Galicia | €16.33bn |
| 7 | Castilla y León | €13.48bn |
| 8 | Canary Islands | €13.16bn |
| 9 | Castilla-La Mancha | €12.05bn |
| 10 | Aragón | €8.10bn |
| 11 | Murcia | €8.05bn |
Planned non-financial budget balance, 2026 (% of regional GDP) (2026)
Canary Islands ranks 13 of 17, highest first.
| Rank | Region | Planned non-financial budget balance, 2026 (% of regional GDP) |
|---|---|---|
| 10 | Basque Country | -0.46% |
| 11 | Navarre | -0.59% |
| 12 | Andalusia | -0.82% |
| 13 | Canary Islands | -0.88% |
| 14 | La Rioja | -1.00% |
| 15 | Asturias | -1.16% |
| 16 | Balearic Islands | -1.20% |
Debt service (interest and repayments), share of the 2026 budget (2026)
Canary Islands ranks 17 of 17, highest first.
| Rank | Region | Debt service (interest and repayments), share of the 2026 budget |
|---|---|---|
| 11 | La Rioja | 11.0% |
| 12 | Asturias | 9.9% |
| 13 | Extremadura | 9.6% |
| 14 | Andalusia | 9.5% |
| 15 | Basque Country | 6.6% |
| 16 | Navarre | 6.1% |
| 17 | Canary Islands | 5.7% |
More on Canary Islands: overview · economy and jobs · health · education and schools · poverty and living standards · government and politics · Spain
Sources
- Ministerio de Hacienda: Presupuestos Generales de las Comunidades Autónomas, año 2026 (resumen ejecutivo, published 31 March 2026), read 23 October 2026 · saved copy (SHA-256 81db80f35219…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.