Government Approves Record Spending Ceiling of $226.032 Million, 6.6 per Cent Higher than Last Year
20 Articles
20 Articles
Sanchez shoots the spending ceiling the coldness of 106,198 million euros since it reached Moncloa.
The Minister of Finance highlights that it is the "highest amount ever approved", with an increase of 6.6%
The State will have a maximum spending limit of €226,032 million next year in case the government project of State Budgets for 2027 goes forward. The increase compared to what was foreseen in the non-national Budgets of 2026 will be €14,006 million, which is 16% less than the increase that was foreseen at that time.
The Council of Ministers has also approved the fiscal path, with which Spain will close by 2026 with a public deficit of 1.8%
On Tuesday, the Government approved in the Council of Ministers the spending ceiling with which the draft State General Budgets will be drawn up for next year. Again, this is a record spending limit: the Executive will have €226.032 million to design the accounts. An increase of 6.6% compared to the ceiling that had been set for 2025 (14.006 million more), which never came to light when the Government renounced to present state public accounts. …
This represents an increase of 6.6% over last year's national expenditure.
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