The Spaniard recently admitted he was ‘waiting for answers’ after talks with the club’s hierarchy as fans continue to sweat over what the future holds.
But today United have released figures which show they are now in a financial situation to back Benitez in the transfer market this summer and beyond.
The accounts show Benitez had a budget of £120m to spend over the last two seasons – £70m from incoming revenue, with a further £52m from outgoing players.
In that period, £111m has been spent on transfer and loan fees, agents costs and other expenses.
To add, any cash generated from players sales will be added to the budget.
Speaking after the releasing of the accounts, Lee Charnley said: “Our accounts are pretty simple in terms of the main numbers.
“We’ve got turnover less than our wage bill and other operating costs, broadly speaking gives us what we have to spend in a year.
Benitez has been quizzed over his future in recent weeks as the clock ticks down regarding his current deal.
“I am in contact with the club and I am waiting for answers to questions I have proposed to continue,” he told Radio Marca this week.
“My family is in England, here I am content but a series of conditions have to be met.
“English teams have a lot of economic potential and attract the best players.
“That’s good for big Premier League teams but it’s a drawback for teams like ours.”
Newcastle look to have secured their Premier League safety for another season.