Overview
- The Finance Ministry convenes the CPFF on Monday to present the spending ceiling and deficit path for 2026–2028 to the autonomous communities.
- PP-led regional governments coordinate a common stance criticizing the meeting as late and a mere formality, citing the absence of prior information and budgets already in process.
- Hacienda plans only a broad outline of financing-system reform without concrete figures, emphasizing principles such as sufficiency and solidarity and deferring details to later talks.
- Even with CPFF backing, the fiscal path must pass Congress, where Junts has announced it will vote against it, and the government is preparing to take the framework to the Council of Ministers on Tuesday with a fallback to resubmit if rejected.
- Fiscal uncertainty deepens in the regions, with key ‘enmienda a la totalidad’ votes looming over the 2026 budgets in Cantabria and Castilla y León that could force delays or rollovers.