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Spain News Today

Spanish news in English

Thursday, October 17, 2024

Spain Delays Deficit Vote Amid Political Tensions

Published: 2024-09-25

The Spanish government has postponed a crucial vote on the deficit targets for 2025-2027, originally scheduled for this Thursday, due to insufficient support in Congress.

The decision comes after the Catalan party Junts, led by Carles Puigdemont, signaled its intention to oppose the proposal, demanding more fiscal autonomy for Catalonia.

The deficit path is essential for setting the framework for the State's General Budget, determining spending limits for various administrative levels.

The government aims to negotiate further with regional parties to reach a consensus that would allow more spending flexibility for autonomous communities.

The delay is seen as a strategic move to avoid another parliamentary defeat, following a similar rejection in July.

The proposed deficit targets are crucial for aligning with European Commission guidelines and ensuring financial stability.