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Galicia Rejects Spending Cap as Spain's Fiscal Council Meets on 2026 Budget

Regional leaders say the ministry convened the talks too late, leaving them to prepare 2026 budgets without the stability path.

Overview

  • Galicia’s president Alfonso Rueda said his government will not back the spending limit proposed by the Ministry of Finance for the 2026 State Budget.
  • The Finance Ministry convened the CPFF today to present the 2026 deficit path after regions had already advanced their budget drafts.
  • Madrid’s finance chief Rocío Albert said the region drafted its accounts “blind,” criticizing the late timing and limited expectations for the meeting.
  • Castilla-La Mancha warned that there is no PSOE consensus on a singular financing model for Catalonia and reiterated its opposition to introducing ordinalidad, while decrying a lack of documentation.
  • Galicia’s finance minister skipped the CPFF for the regional budget debate, sending treasury secretary David Cabañó, who called the meeting extemporaneous and noted the absence of financing reform on the agenda.