Tenerife’s 2025 budget includes a historic €1.127 billion euros to support families, create jobs and promote housing.
The Plenary Session has approved a public budget with record allocations for Social Action (€368 million), direct investments (€326 million to stimulate the island), and €234 million for improving public transport and infrastructure.
8% More Than in 2024
The President, Rosa Dávila, and Vice President, Lope Afonso, emphasized that the budget repositions Tenerife as the driving force of the island’s economy and development.
The plenary session of the Cabildo of Tenerife, with support from Coalición Canaria, Partido Popular, and Vox, and with opposition votes from PSOE, has approved the 2025 budget. This economic document enables the Cabildo to manage a record €1.127 billion budget, an 8% increase compared to the 2024 budget.
Transformative Power
The budget focuses on the transformation of Tenerife, with the largest investment in the Cabildo’s history: €326 million to revitalize the island, €368 million for unprecedented social support for individuals and families, and €234 million to promote sustainable mobility.
The President of the Cabildo, Rosa Dávila, expressed gratitude to the finance department staff for completing the economic document on time. With this budget, we can confidently say that Tenerife is back on track and regaining the momentum it lost after four years of stagnation. She also highlighted that the Cabildo, as Spain’s third-largest regional government, following Madrid and Barcelona, possesses immense transformative power.
Primary Sector
Vice President Lope Afonso described the budget as ambitious and aligned with the island’s objectives. “The Cabildo of Tenerife—the island’s governing body—is once again the engine driving the economy, wealth, and employment while contributing to greater social cohesion and economic sustainability.” He noted that the budget reflects significant efforts to reduce the island’s dependence on the service sector and increase investment in the primary sector.
Per Department
- Mobility and Roads: €234 million
- Social Action: €368 million
- Employment, Education, and Youth: €39 million
- Environmental Management and Primary Sector: €219 million
- Equality: Not disclosed
- Tourism and External Relations: €46 million
- Industry and Trade: Not disclosed
- Culture: €50 million
- Sports: €12 million
- Innovation and Research: Not disclosed
- Heritage Management: €22 million
Diario de Tenerife © Photography
Tenerife’s 2025 Budget ©
More NEWS can be read [HERE].
Interested in Tenerife?
Subscribe to our newsletter and always stay informed about the news on Tenerife.
Enter your first name and a valid email address below. Then click on Subscribe.
