It looks like the Spanish royal family has decided to make some hard decisions in these tough economic times:
The king will lose 20,900 euros (£16,400; $25,660) from his salary of just over 292,000 euros for the year – a cut of 7.1%.
In total, the 8.3m euro royal budget will be cut by 100,000 euros in 2012.
A royal budget reduction of 1.2%? My, that is a big sacrifice. However will they get by?