Overview

• The Council of Ministers approved a draft law enabling the State to assume €83,252 million of regional debt on a voluntary basis, allocated by adjusted population with a guaranteed minimum 19% cut.
• For Galicia, the plan would write off €4,010 million, reduce its debt by about 33% versus end-2023, and save roughly €42 million a year in interest.
• The Galician government calls the measure arbitrary and unjust, arguing each resident would end up €225 worse off after taking on more mutualized state debt.
• PP leaders aligned with the Xunta say they will not accept the measure in this phase and are coordinating opposition that includes studying court action.
• The central government defends the plan as correcting crisis-era overindebtedness and denies favoritism toward Catalonia, noting 75% of the relieved debt is in PP-run regions and that Andalucía would receive the largest nominal relief.