Transparency

Budget management

The Budget for the Banco de España's operating and investment expenses is governed by Article 4 of Act 13/94, of 1 June, on the Banco de España's Autonomy, which states that:

  1. Acts regulating the budget, asset and procurement system of state public sector entities shall not apply to the Banco de España, unless expressly stated otherwise.
  2. The proposed Budget for the Banco de España's operating and investment expenses, once approved by the bank's Governing Council under Article 21(1)(g), shall be sent to the Government, which shall forward it to the Parliament for approval. The Banco de España's Budget shall be an estimate and not be subject to consolidation with the other state public sector Budgets.

The Banco de España releases information about its budget implementation on the «Memoria justificativa» enclosed to the «Proyecto del presupuesto estimativo de los gastos de funcionamiento e inversiones del Banco de España». Therefore, the «Memoria justificativa» includes: the Banco de España’s Draft Budget for the current year, a progress report on its Budget execution for the previous year and its Budget implementation for the two previous years.

Banco de España's General Budgets. Año 2021

  1. Proyecto de presupuesto File PDF: Opens in a new window (949 KB)
  2. Memoria del Banco de España File PDF: Opens in a new window (14 MB)

Banco de España's General Budgets 2018

  1. Proyecto presupuesto File PDF: Opens in a new window (67 KB)
  2. Memoria del Banco de España File PDF: Opens in a new window (970 KB)

Article 45.3 of Law 10/2010Opens in a new window sets forth that the SepblacOpens in a new window, following its approval by the Commission for the Prevention of Money Laundering and Monetary Offences, is integrated, with the due separation, into the proposal of Budget for Operating and Investment Expenses of the Banco de España. Likewise, the Eighth Additional Provision of the Law of Autonomy of the Banco de EspañaOpens in a new window provides that the budget for its special-purpose entities (IMBISAOpens in a new window y CEMFIOpens in a new window) shall be also included as an annex to the Banco de España’s Budget.

The Draft Budget for the Banco de España, its special-purpose entities and Sepblac is available here.

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