Overview

• The Xunta de Galicia issued the official order to begin drafting the 2026 budget and set its preparatory calendar.
• Budget priorities include expanding the housing plan, reinforcing employment initiatives and boosting sustainable tourism ahead of the Xacobeo 2027 year.
• Because the Spanish government has not updated its state budget since 2023, Galicia endures a monthly shortfall of approximately €127 million that adds up to €1.531 billion annually.
• The regional government aims to set its nonfinancial expenditure ceiling by the end of July and submit the draft budget to Parliament by October 20.
• Officials warn that delayed advance payments coupled with Spain’s lack of alignment with the EU’s new fiscal governance framework deepen Galicia’s financial constraints.