Overview
- The Finance Ministry has convened the Council of Fiscal and Financial Policy for Monday, November 17 at noon to present the government’s fiscal path.
- The agenda adds a formal discussion on reforming the autonomous financing system, including Catalonia’s bid for a singular arrangement.
- Hacienda will outline stability targets for 2026–2028 and the spending ceiling, with an aim to channel more resources to regional governments.
- After the CPFF, the plan goes to the Council of Ministers and then to Congress, where Junts has already signaled a no vote that could force a reversion to the current fiscal path.
- ERC has tied budget support to concrete financing changes and has deferred its IRPF collection proposal to 2026, while Sánchez plans to table 2026 budgets regardless of likely defeats.