Overview
- Negotiations formally began on Wednesday, September 16, when Finance Minister Arcadi España met Sumar representative Ernest Urtasun in Madrid to start work on the 2027 General State Budget.
- Hacienda intends to use a pre-agreement with Sumar as the negotiating basis for talks with other parliamentary partners and to frame outreach to investiture allies.
- Sumar has submitted a catalogue of progressive demands focused on lowering rents, expanding a public rental housing stock, creating a universal child benefit, and boosting spending on care, education and public transport.
- To pay for those measures Sumar proposes making IRPF more progressive, raising taxes on capital income and exploring levies on concentrated wealth or on energy firms.
- Parliamentary prospects are fragile because PP, Vox and Junts are expected to file total-rejection amendments, Moncloa has not fixed a Council of Ministers approval date, and a rejected budget could prompt Sánchez to call early elections.