Overview
- The Finance Ministry presented its proposed stability path for 2026–2028 to the autonomous communities at the CPFF, marking the first formal step toward the 2026 State Budget.
- María Jesús Montero outlined only general principles for reforming the long-expired regional financing system and held back detailed figures or a closed proposal.
- The government intends to take the spending ceiling for 2026 and the fiscal path to the Council of Ministers on Tuesday following the CPFF vote.
- PP-led regions organized a unified critique—Andalusia called the meeting a “paripé” and Galicia sent a treasury official instead of its finance chief—while pressing for more resources and rejecting any preferential “Catalan quota.”
- If Congress again votes down the fiscal path, regions would face stricter constraints tied to budget balance, threatening the national calendar and regional accounts such as Castilla y León’s, which confronts a decisive totality debate this week.