The millionaire amount RTVE spends on salaries leaves the public broadcaster reeling

The numbers don't add up for RTVE. Increasingly poor accounts with expenses that don't decrease. In fact, the public broadcaster revealed the accounts for the 2024 fiscal year, although they are not yet final.

The executive warned in the Congress of Deputies about the high costs borne by the public entity in numerous areas, including salaries. According to information published by RTVE, the salary cost is very close to 500 million euros (approximately 550 million dollars), more specifically 490 million (approximately 539 million dollars). This figure exceeds the expenditure made in 2023 by 27 million (approximately 29.7 million dollars).

The 2023 data reveals that 473 million euros (approximately 520 million dollars) were allocated. The truth is that the salary budget is one of the areas to which the most resources are allocated.

Six years ago, the amount was 425 million euros (approximately 467 million dollars). The total budget of RTVE is slightly more than 1.100 billion euros (approximately 1.21 billion dollars), so the salaries are almost half of the total amount managed by the entity.

Specifically, wages and salaries soared to 363 million euros (approximately 399 million dollars). Meanwhile, payments to Social Security amount to 105.9 million euros (approximately 116.5 million dollars).

The human balance of RTVE according to José Pablo López, at the end of 2024, had a workforce of 6,770 people. This represents 134 fewer workers than the same period of the previous year.

The new president of RTVE will request a bailout from the State and announces salary cuts

RTVE has caused controversy after requesting an economic bailout from the Government to overcome its delicate situation. The request comes due to the corporation's economic losses, which will close 2024 with an estimated deficit of 34 million euros (approximately 37.4 million dollars).

This figure could vary, but the situation remains serious. The president of RTVE, José Pablo López, appeared before the Congress of Deputies, where he addressed the difficult financial situation facing the public corporation.

José Pablo López explained that RTVE has requested a capital injection from the State Industrial Participation Society. The bailout is based on a reserve fund of 38.3 million euros (approximately 42.1 million dollars), which will allow addressing the losses.

However, what has caused discomfort is that public resources, that is, taxpayers' funds, will be used to save RTVE from the economic crisis.

López pointed out that RTVE's losses are also due to accumulated debt, which will rise to 430 million euros (approximately 472 million dollars) in 2024. Additionally, the president of the corporation highlighted that the final financial balance is still pending, which could modify the figures presented. Despite efforts to improve the internal situation, the bailout request remains a very controversial topic in public opinion.