Eurovision 2024: Spain Cuts Costs to Achieve Lowest Spending Since 2021

Spain’s participation in Eurovision 2024 has turned out to be the most economical since 2021, with a total expenditure of €595,262.34, marking a 26.6% decrease from 2023. This significant reduction in costs reflects RTVE’s efforts to efficiently manage the resources allocated to the musical event.

Lowest Investment Since 2021

According to data released by RTVE through the Transparency Portal and shared exclusively with the Spanish webpage, ESCplus, the expenditure for Eurovision 2024 was mainly divided between external and internal resources. The allocation for broadcasting rights, one of the highest expenses, amounted to €334,432.63, representing a 3.81% decrease compared to €347,696.84 in 2023.

Breakdown of Expenses

External resources, which include broadcasting rights, decorations, and transportation, totalled €544,176.53, 17.70% less than the €661,249.54 spent the previous year. Meanwhile, internal resources, encompassing technical staff and equipment, reached €51,085.81, a drastic reduction of 65.88% from €149,728.71 in 2023.

Among the external resources, notable expenses included the assignment and exploitation of collaborator rights (€57,207.20) and decorations and staging (€51,122.40). Other costs covered allowances, accommodation and catering services (€47,046.70), and communication services (€22,630).

Budget Comparison

The initial budget for Eurovision 2024 was €795,330.25, similar to the total expenditure for the previous year. However, efficient management led to a final spending of €595,262.34, 25.16% less than budgeted. Internal resources, initially budgeted at €137,575.48, ultimately cost €51,085.81, showing a reduction of 62.87%.

Efficiency and Future Prospects

The considerable reduction in Eurovision 2024 costs highlights RTVE’s ability to optimize its resources without compromising the quality of its participation in one of Europe’s most important musical events. The Spanish public broadcaster continues to demonstrate that, with proper management, it is possible to take part in major international events economically and efficiently.

These figures confirm that participation in Eurovision does not necessarily entail significant expenditure and that, with careful planning, positive and sustainable results can be achieved over time.

Source: ESCplus