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Sánchez and Junqueras Seal Financing Outline Granting Catalonia €4.7 Billion and Ordinality

The deal now faces CPFF scrutiny followed by a LOFCA overhaul that must clear an absolute majority in Parliament.

Overview

  • Finance Minister María Jesús Montero is slated to publish the detailed figures on Friday, including how the ordinality rule reshapes the territorial ranking.
  • The government will present the plan to the Council of Fiscal and Financial Policy before sending a bill to amend LOFCA, which requires 176 votes in Congress and subsequent Senate review.
  • Junts mocked the accord as a downgrade and highlighted the absence of a Basque-style concert and full IRPF collection, signaling uncertain support in Congress.
  • PP leaders and several regional governments condemned the bilateral approach, called for an urgent CPFF meeting, and warned of potential legal challenges.
  • The executive has floated 2027 as a possible start date if approvals proceed, but the path depends on securing broader parliamentary backing beyond ERC.