The Government approves a record spending ceiling of 212,026 million for the 2026 Budget due to the boost in collection
In a context in which the economy is growing strongly – it did so at 0.6% quarterly between July and September -, the resilience of the labor market and in which tax collection is performing better than expected, the Government has approved a record spending ceiling or non-financial spending limit of 212,026 million, 8.5% higher than that initially announced for this year, without taking into account European funds. This is the figure that serves as the axis for the preparation of the new public accounts, of which the first vice president, María Jesús Montero, has assured that they are “expansive and responsible” budgets.
The Council of Ministers thus takes a key step towards the processing of the General State Budgets of 2026, after those of 2023 have been extended for two consecutive years due to the impossibility of achieving the necessary parliamentary agreements to be able to carry out new public accounts. On this occasion, the Executive is not going to have it easy either. The stability path (deficit limits, debt and spending rule) for the period from 2026 to 2028 incorporates the same regional deficit objective of 0.1% for each of the years that was overturned in July of last year in the Congress of Deputies with the votes against Junts.
