Government budget and revenue in La Palma (Canary Islands, Spain): official figures
Gross income per resident in La Palma was €16,736 in 2024; income tax and social security contributions took 9.8% of it, less than the national share of 19.1% (the lowest of 59).
How much debt does the Cabildo Insular de La Palma have?
The Cabildo Insular de La Palma, the island council, had outstanding debt of €4.2 million at the end of 2025, about €50 per resident, 11th highest of Spain's 51 provincial and island councils.
Source: Ministerio de Hacienda · saved copyMore figures
- La Palma accounted for 2% of the €256.1 million owed by the island councils of the Canary Islands at the end of 2025. Source: Ministerio de Hacienda · saved copy
- Town halls across the province of Santa Cruz de Tenerife, which includes La Palma, owed a combined €154.3 million at the end of 2025. Source: Ministerio de Hacienda · saved copy
- Island council debt in La Palma works out at €50 per resident, compared with a median of €7 across Spain's 51 provincial and island councils at the end of 2025. Source: Ministerio de Hacienda · saved copy
How La Palma compares with other provinces in Spain
Income tax and social contributions as a share of gross income (2024)
La Palma ranks 59 of 59, highest first.
| Rank | Area | Income tax and social contributions as a share of gross income |
|---|---|---|
| 53 | Badajoz | 15.3% |
| 54 | Cáceres | 15.2% |
| 55 | Cuenca | 15.1% |
| 56 | Jaén | 14.8% |
| 57 | Ceuta | 10.8% |
| 58 | Melilla | 10.3% |
| 59 | La Palma | 9.8% |
Provincial or island council debt per resident (2025)
La Palma ranks 11 of 51, highest first. diputaciones, foral diputaciones, consells and cabildos; debt at 31 December 2025 divided by the 2024 population
| Rank | Area | Provincial or island council debt per resident |
|---|---|---|
| 8 | Gran Canaria | €98 |
| 9 | Córdoba | €89 |
| 10 | Jaén | €80 |
| 11 | La Palma | €50 |
| 12 | Burgos | €43 |
| 13 | La Gomera | €40 |
| 14 | Segovia | €34 |
More on La Palma: overview · economy and jobs · poverty and living standards · Canary Islands · Spain
Sources
- Instituto Nacional de Estadística (INE): Atlas de Distribución de Renta de los Hogares (ADRH) 2024: indicadores de renta media y mediana por provincias e islas, 2015-2024 (table 53689), read 23 October 2026 · saved copy (SHA-256 883851a1be5e…)
- Ministerio de Hacienda: Deuda viva de las Entidades Locales a 31/12/2025: ayuntamientos, diputaciones, consejos y cabildos insulares, read 23 October 2026 · saved copy (SHA-256 831355e52dd9…)
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