The Cuban Colony is immensely important to Spain, which is why the Cabinet Ministers were shocked and surprised when they heard the Minister of Colonial Affairs, Frank, saying that the Cuban Colony might not be as important.
How important is the Cuban Colony?
In 1876, the total fiscal revenue of the Spanish Government was 793.3 million Pesseta, marking a new high in Spain's financial income over the past decade.
The revenue brought by the Cuban Colony to Spain was as much as 58.27 million Pesseta, accounting for 7.3% of Spain's total fiscal revenue.
The reason why the proportion doesn't seem very high is partly because Spain's mainland has developed well in recent years, and fiscal revenues have surged with the development of Spain's mainland.
