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Montero Delays Financing Plan, Pushes Fiscal Path as PP Divisions Persist

The finance minister postpones a financing draft to focus on securing the fiscal framework for the 2026 budget.

Overview

  • María Jesús Montero said she will not table a concrete overhaul of the regional financing model at Monday’s CPFF meeting, offering only a progress update.
  • The CPFF is expected to approve a new fiscal stability path on Monday, with the Council of Ministers due to ratify it alongside the spending ceiling the following day before sending both to Congress.
  • Montero accused Alberto Núñez Feijóo of failing to set a unified PP stance on financing and highlighted contrasting positions among PP regional leaders such as Isabel Díaz Ayuso, Juan Manuel Moreno Bonilla, Alfonso Rueda and Marga Prohens.
  • Junts per Catalunya has warned it will not back the 2026 budget, increasing uncertainty over the accounts as the government signals it will look for other partners if the PP does not align.
  • PP-led communities plan to reaffirm a common front at the CPFF against debt relief and any Catalonia-specific tax arrangement, while criticizing the government’s timeline for convening the meeting.