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last mo.

Córdoba Plans Tighter 2026 Budget as State Transfers Lag While Toledo Opts for Spending Restraint

Lower-than-expected PIE funding narrows Córdoba’s room to self-finance investments, prompting likely recourse to bank loans.

Belén Cachafeiro, durante el pleno extraordinario de su toma de posesión. | Bernabé/Javier Lalín
El alcalde dialoga con el portavoz de Hacemos Córdoba, antes del inicio de un Pleno
El alcalde, este martes en la comparecencia que ha tenido
Juan José Alcalde, portavoz del equipo de Gobierno municipal

Overview

  • Córdoba’s mayor said the 2026 draft will mirror 2025 in overall size because the city will receive less central money than it had anticipated.
  • The budget draft is already prepared and will be finalized immediately, according to José María Bellido.
  • Reduced state support limits Córdoba’s ability to cover works with its own funds, so the city expects to increase borrowing even though current debt levels are not a concern.
  • The state’s Fondo Complementario/PIE provided about 30.4% of Córdoba’s recognized revenues in 2024, underscoring the weight of these transfers on local finances.
  • In Toledo, the government plans a balanced, spending‑contained 2026 budget with no tax hikes and will account for a €15 million loan to build a bridge linking the Polígono and Azucaica districts.