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Thursday, 29. October 2026
Tenerife News

Tenerife Island Council presents budget of over €1.377 billion

Tenerife is planning a larger island budget for 2027. Funding for administration and economic diversification is set to increase particularly sharply.
The key points: Show summary Hide summary
  • Tenerife's Island Council has presented a budget of 1,377 million euros for 2027, 7.7 per cent higher than in 2026.
  • With additional investment funds of 35 million euros, the total amount rises to 1,412 million euros.
  • The Island Council has earmarked 450 million euros for social policy and family support, 11.8 per cent more than last year.
Members see a handy summary here

The Governing Council of the Tenerife Island Council has presented a draft consolidated budget for 2027 of 1,377 million euros, 7.7 per cent more than in 2026, to which is added an additional investment of 35 million euros, bringing the total to 1,412 million.

According to the Island Council, the public’s needs, investment in infrastructure, measures to promote sustainable mobility, the protection of natural and cultural heritage, and economic diversification are the main areas of focus.

The budget allocates 450 million euros to social policies and support for families, an increase of 11.8 per cent.

Tenerife: Budget boosts landscape conservation, transport and housing construction

There will be 236 million for care of the territory, representing a 9 per cent increase, and a further 236 million for sustainable transport and road infrastructure, representing a 7.4 per cent increase.



In addition to these priorities, there is a further 225 million euros earmarked for economic revitalisation and diversification, representing a 12.3 per cent increase on the previous financial year.

The Tenerife Island Council’s budget allocates more than 36 million euros to housing, which the island council describes as a strategic priority.

Natural heritage, water and agriculture receive millions

A total of 236 million euros has been allocated to the conservation of natural heritage and emergency prevention, which is 9 per cent more than in 2026.

Under this priority area, the Island Council is allocating 32 million euros to the protection and conservation of the natural environment, with a focus on the recovery and conservation of woodland, as well as on restoring the forest areas affected by the 2023 fire and improving the footpaths, tracks and infrastructure in the Anaga and Teno rural parks.

The budget allocates 19.1 million euros for water infrastructure projects and also sets aside two million euros to improve municipal water supply networks.

In the primary sector, where the priorities are to encourage generational renewal and boost economic activity, the budget amounts to 36 million euros.

More funding for transport, the economy and research

As regards transport and roads, the Island Council is allocating 236 million euros, an increase of 7.4 per cent, to tackle transport issues from a holistic perspective, combining infrastructure renewal, the strengthening of public transport, new travel options and improved connections between municipalities.

The budget for economic revitalisation and diversification amounts to 225 million euros, 12.3 per cent more than in 2026. The investment is aimed at strengthening the island’s economic sectors, supporting businesses and the self-employed, improving tourism and cultural infrastructure, and creating new opportunities linked to industry, science and technology.

The Research, Development and Innovation division, together with its affiliated companies, has seen a 9.8 per cent increase.

Island Council invests 124 million euros in modernisation

To modernise the island’s administration, the Island Council is allocating 124 million euros, 13.3 per cent more than in 2026.

Within this area, 23.1 million is earmarked for digital transformation, citizen services and improving the quality of public services.

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«Tenerife Island Council presents budget of over €1.377 billion»

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