Tenerife’s Cabildo has approved a €1.412 billion budget for 2027, representing a 7.7% increase on this year and 30% more than the island’s budget in 2023.
One of the biggest changes is the increase in housing investment, which has risen by 369% over four years. Funding for land planning is also up by 275%, although the budget for cooperation with municipalities will be reduced by 30%.
Cabildo president Rosa Dávila said the budget was designed around the needs of island residents, particularly those in more vulnerable situations.
€10 million for new Teide shuttle buses
One of the headline projects is a €10 million investment in 2027 to introduce new shuttle bus services providing access to Teide National Park from the north, south and metropolitan areas.
The aim is to encourage visitors to leave their cars behind, reduce traffic congestion and help protect the national park, which is recognised as a UNESCO World Heritage Site.
The new mobility plan will also introduce measures to regulate access to Teide progressively.
A further €236 million will be allocated to environmental protection and improving transport across the island. This includes €20 million to expand and improve the TITSA bus fleet, with 13 double-decker buses and 22 standard vehicles planned.
More funding for social services and housing
The budget includes €450 million for social initiatives, around 12% more than this year.
This money will support families, housing policies and services for older people and young residents.
Housing investment has seen one of the most significant increases over the four-year period, with funding up by 369%. Land planning receives a 275% increase.
Security, employment and the local economy
Safety and emergency services also feature prominently in the plans for Teide National Park.
The Cabildo has allocated €32 million for security improvements and €30 million for the fire service. Protecting biodiversity and controlling invasive species are among the priorities.
Education and employment will receive additional support, including €20 million aimed at encouraging job creation, alongside funding for school improvements and assistance for students with special educational needs.
The wider local economy is also in line for investment, with €225 million allocated to diversifying economic activity across tourism, culture and sport.
Infrastructure and public services
Other significant allocations include:
- €61 million for waste management.
- €19.1 million to expand water services.
- €9 million for the conservation of historical heritage.
- €124 million for digital transformation and improvements to public services.
Taken together, the 2027 budget represents a substantial increase in spending across housing, social services, transport, environmental protection and infrastructure.
The challenge now, as ever with these large budgets, will be turning the figures into improvements that residents can actually see and feel.