Overview
- The Boletín Oficial del Estado published the ministerial order on Friday, June 5, officially starting internal work on the 2027 Presupuestos Generales del Estado.
- The Ministry of Hacienda will update the macroeconomic framework during June as a step toward presenting stability objectives and a binding spending cap before summer.
- The government has pledged the largest public investment in housing in recent democratic history to boost affordable supply and contain rent pressure, and it will ask ministries to submit spending plans by June 29.
- Hacienda has opened talks with autonomous communities to redesign regional financing and aims to approve a new model through the Fiscal and Financial Policy Council by January 1, 2027.
- Final approval is uncertain because the current 2023 budgets remain in force, Congress is fragmented, and several regions have expressed reservations, so passage will require complex negotiations that could affect services and local funding.