Overview
- The Council of Ministers passed a real decreto ley targeting post‑eruption recovery on La Palma, to be applied once published in the BOE and later validated by Congress, with regional officials indicating expected PP support before year‑end.
- Residents of La Palma will receive a 60% IRPF deduction for the 2025 tax year, which the government estimates will reduce revenue by about €111 million.
- The decree authorizes €100 million from the 2024 surplus, directed preferentially to agriculture and treated as an exceptional use that does not count toward the spending rule.
- A new moratorium opens for interest and principal on loans held by registered affected farmers in El Paso, Los Llanos de Aridane and Tazacorte.
- Deadlines to justify Ministry for Ecological Transition grants tied to island infrastructure are extended to March 2026, and the government cites more than €1.1 billion already committed to La Palma’s reconstruction.