Overview

• The Council of Ministers approved an anteproyecto de ley enabling a voluntary, bilateral mechanism for the State to take on €83,252 million of debt from regions under the common regime.
• Twelve PP-governed communities walked out of the CPFF, and the party leadership is coordinating a unified refusal to opt in.
• Galicia and Canarias say they will examine judicial avenues against the plan, framing it as a mutualization that burdens less‑indebted regions.
• The Government says the distribution uses adjusted-population criteria with a minimum 19% write-down, with the largest nominal shares for Andalucía (€18,791m), Cataluña (€17,104m) and Valencia (€11,211m).
• Hacienda claims the move would free €6.6–6.7 billion a year in interest for social services, a point disputed by AIReF and PP officials, as some regions such as Castilla‑La Mancha welcome sizable relief while potential parliamentary amendments are floated by partners like Compromís.