Vox racks up €7.3 million in losses as Spain's Supreme Court overturns a fine
Spain's Vox loses 7.3 million euros between 2022 and 2024 while the Supreme Court overturns an 860,000-euro fine. Net worth falls by 68.5%.
English · Original discussion in Spanish · Published
Vox loses 7.3 million euros in three years while the Supreme Court overturns an 860,000-euro fine
The polls are smiling on Vox, but its finances are not. Santiago Abascal's party has accumulated losses of 7.3 million euros between 2022 and 2024, according to available data. Net worth has plummeted by 68.5%, falling from 11.8 million to just 3.7. At the same time, the Supreme Court has just overturned one of the three fines the Court of Accounts (Tribunal de Cuentas, Spain's public spending watchdog) imposed on the party for unidentified donations, worth 860,000 euros. The other two sanctions are still going ahead.
Mounting losses: from 1.9 to 2.7 million a year
The financial deterioration is relentless. In 2022 Vox lost 1.9 million; in 2023, 2.6; in 2024, 2.7. The trend is getting worse, with no turning point in sight. While the party boasts of patriotism and austerity, its coffers are shrinking. And it is not just the negative result: its revenue structure depends to a large extent on subsidies and donations, the latter under judicial scrutiny.
Judicial blows and political blockades
The Supreme Court has rapped the Court of Accounts on the knuckles by overturning the 860,000-euro fine for unidentified donations. But Vox has two other fines pending. In addition, the party has launched a wave of appeals against waste collection charges in municipalities such as Madrid, Granada and Pozuelo de Alarcón. On the legislative front, it has seen its proposal to separate postal vote counting rejected on the grounds of a cost exceeding 200,000 euros. It has also tabled initiatives against migrant settlement rules and to expel delinquent foreign minors, so far without success.
The pincer movement with the PSOE in Murcia has blocked López Miras's regional government councils, and in Valencia and Toledo Vox has knocked down low-emission zone (ZBE) ordinances, leaving the PP in an awkward position. The tactic is clear: force the Partido Popular to harden its rhetoric or be left isolated.
The dilemma of the political agenda
Some argue that Vox, despite its internal problems, is setting the PP's agenda on immigration and security. But the downside is that many of its proposals come to nothing for lack of parliamentary support. The question hanging in the air is how long the party can maintain its opposition profile without a solid financial base. With mounting losses and judicial sanctions, its medium-term viability is uncertain.
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The polls are smiling on Vox, but its finances are not. Santiago Abascal's party has accumulated losses of 7.3 million euros between 2022 and 2024, according to available data. Net worth has plummeted by 68.5%, falling from 11.8 million to just 3.7. At the same time, the Supreme Court has just overturned one of the three fines the Court of Accounts (Tribunal de Cuentas, Spain's public spending watchdog) imposed on the party for unidentified donations, worth 860,000 euros. The other two sanctions are still going ahead.
Mounting losses: from 1.9 to 2.7 million a year
The financial deterioration is relentless. In 2022 Vox lost 1.9 million; in 2023, 2.6; in 2024, 2.7. The trend is getting worse, with no turning point in sight. While the party boasts of patriotism and austerity, its coffers are shrinking. And it is not just the negative result: its revenue structure depends to a large extent on subsidies and donations, the latter under judicial scrutiny.
Judicial blows and political blockades
The Supreme Court has rapped the Court of Accounts on the knuckles by overturning the 860,000-euro fine for unidentified donations. But Vox has two other fines pending. In addition, the party has launched a wave of appeals against waste collection charges in municipalities such as Madrid, Granada and Pozuelo de Alarcón. On the legislative front, it has seen its proposal to separate postal vote counting rejected on the grounds of a cost exceeding 200,000 euros. It has also tabled initiatives against migrant settlement rules and to expel delinquent foreign minors, so far without success.
The pincer movement with the PSOE in Murcia has blocked López Miras's regional government councils, and in Valencia and Toledo Vox has knocked down low-emission zone (ZBE) ordinances, leaving the PP in an awkward position. The tactic is clear: force the Partido Popular to harden its rhetoric or be left isolated.
The dilemma of the political agenda
Some argue that Vox, despite its internal problems, is setting the PP's agenda on immigration and security. But the downside is that many of its proposals come to nothing for lack of parliamentary support. The question hanging in the air is how long the party can maintain its opposition profile without a solid financial base. With mounting losses and judicial sanctions, its medium-term viability is uncertain.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (30 replies).
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