The Spanish royal family has disclosed its earnings for 2011. King Juan Carlos on Wednesday revealed that he got 292,752 euros, which is equivalent to $382,600.

The state grant for the 73-year-old king amounts to 140,519 euros, which was supplemented by 152,233 euros for the cost of official duties according to the account posted on the palace's official site - http://www.casareal.com.

The 43-year-old Prince Felipe, married to Princess Letizia, a former television news anchor, received half his father's pay, and that is 70,260 euros as his state funding and 76,117 euros for his expenses.

All compensations on the top list as well as those granted to the royal family were reduced by 15 percent in 2010. All salaries were steady in 2011, according to a palace official.

To compare, Jose Luis Rodriguez Zapatero, the prime minister who stepped down last week, earned a yearly wage of 78,185 euros.

Accounts of the royal family were publicized due to the corruption scandal focused on Inaki Urdangarin, the king's son-in-law and former Olympic handball player.

A court is currently investigating suspected corruption associated with a charitable organization previously managed by Urdangarin, husband of Cristina, king's youngest daughter.

The royal family declared that the income of the king as well as those of the others will be posted in public on Dec. 12. At the same day, Urdangarin is expected to take no part in performing any official activities.

Pilar Urbano, writer of numerous books regarding the royals, reported that the king doesn't have any constitutional obligation to publicize his accounts. However, it is an act of showing transparency to minimize the pressure brought by the media, politicians, and blogs, which are doubtful of Urdangarin.

Urbano added that the king feels obligated to show an act of transparency although suspicions and criticisms are not targeting him or the royal family. He feels responsible in eliminating uncertainties of people regarding his son-in-law's business dealings.

A decrease of 8.43 percent on the royal income was proposed in 2011.