Overview

• Spain is on track to start 2026 under the 2023 accounts for a third straight year after the constitutionally mandated budget deadline passed without a submission.
• Vice President María Jesús Montero said the basic design of the plan is ready and indicated the stability path could be presented in the coming days.
• Moncloa accepts a technical extension and intends to move the budget process later, with the government prepared to use the existing deficit path if a new one is voted down.
• Key partners Junts, ERC and Podemos have not guaranteed support for new accounts, leaving the numbers in Congress unresolved.
• The PP intensified its push in the Senate—taunting the government over the delay in a control session—and is preparing additional legal actions over bills it says are blocked in the Congress.