The budget for the Banco de España's operating expenses and investment is governed by Article 4 of Law 13/1994 of 1 June 1994 of Autonomy of the Banco de España, which states that:
- The rules governing the State budget, property and contracting shall not apply to the Banco de España, unless otherwise specifically indicated.
- The Bank’s draft budget for operating expenses and investment, once approved by its Governing Council according to Article 21.1.g, shall be sent to the Government, which will submit it to Parliament for approval. The budget shall be an estimate and shall not be consolidated with other State public sector budgets.
The Banco de España discloses information about its budget implementation in the “Rationale Report” accompanying the “Draft estimated budget for the operating expenses and investment of the Banco de España”. The “Rationale Report” includes: the Banco de España’s draft budget for the current year, a progress report on its budget outturn for the previous year and its budget outturn from the year before that.
The Banco de España's General Budgets. 2023
The Banco de España's General Budgets. 2021
Article 45(3) of Law 10/2010 provides that, following approval by the Commission for the Prevention of Money Laundering and Monetary Offences, the budget of Sepblac, will be integrated, with due separation, into the Banco de España’s proposed budget for operating expenses and investment. Likewise, the eighth additional provision of the Law of Autonomy of the Banco de España provides that the budget for its special-purpose entities (IMBISA y CEMFI) shall also be included as an annex to the Banco de España’s budget.
The draft budget for the operating expenses and investment of the Banco de España, its special-purpose entities and SEPBLAC is as follows: