Overview
- At the CPFF on Monday the Government told regions it plans a 0.1% deficit target for 2027–2029 and Hacienda has circulated those figures to autonomous communities but has not yet taken the senda to a Cabinet meeting.
- Junts publicly announced it will vote against the proposed deficit path and will not back the PSOE–ERC financing model, which it says perpetuates equal treatment that leaves Catalonia short of funds.
- Junts says only a 'concierto' can close what it calls a 22–28 billion euro annual Catalan fiscal gap and has signalled an all-or-nothing stance that lawmakers say will include an amendment to block the measures in Congress.
- Moncloa argues the same 0.1% margin gives regions an extra fiscal room of about 5.85 billion euros between 2027 and 2029 and that a new financing model would raise transfers by roughly 21 billion euros in 2027.
- Junts' small parliamentary group has used this leverage before to stop Madrid's budgets in 2024 and 2025 so a rejection now would likely force the Government to either negotiate new terms or process next year’s accounts under the 2023 spending ceiling.