Tenerife Cabildo Approves €1.377 Billion Budget for 2027, Up 7.7% from 2026
Tenerife’s Cabildo has approved a consolidated budget of €1.377 billion for 2027, representing a 7.7% increase from the previous year. The budget was sanctioned at a Wednesday meeting of the island’s governing council. An additional €35 million investment brings the total to €1.412 billion, marking a 30.3% rise compared to 2023.
The 2027 budget focuses on addressing citizens’ needs while allocating funds for sustainable mobility, natural and cultural heritage protection, and economic diversification. Key areas of concern include social policies, infrastructure investment, and youth services.
A significant portion of the budget, €450 million, is earmarked for social welfare and family support, reflecting an 11.8% increase. Additionally, €236 million has been set aside for territorial care, also increasing by 9%, along with another €236 million for sustainable mobility and road safety, up 7.4%.
Economic development receives €225 million, a 12.3% rise compared to last year. The budget further prioritises housing, with more than €36 million allocated to continuing housing initiatives from previous years.
Efforts to care for the territory and protect the environment are highlighted, with a total of €236 million for conservation and emergency prevention. This includes €32 million aimed at preserving natural areas and restoring forest regions affected by the 2023 wildfire, as well as improving infrastructure in rural parks.
For mobility, the budget allocates €236 million to enhance transportation and infrastructure, signifying a stronger commitment to public transport and improved inter-municipal connections.
Economic diversification and support for local businesses will see €225 million invested, focusing on tourism and the technology sectors. Notably, funds for research and innovation are raised by 9.8%, aiming to foster scientific talent.
Additionally, €124 million is designated for modernising the Cabildo’s administration, including €23.1 million for digital transformation and enhancing public services.
The proposed budget will soon be debated at an extraordinary plenary session.
