Logo

Spain News Today

Spanish news in English

Thursday, October 17, 2024

Spain's Budget Crisis: A Political Standoff

Published: 2024-09-24

The Spanish government is facing a significant challenge as it attempts to pass the stability path, a crucial step for setting deficit and debt limits for the next three years.

The vote, initially scheduled for Thursday, has been postponed due to a lack of support from the Junts party, which plays a pivotal role in the parliamentary arithmetic.

This delay means the 2025 budget cannot be presented on time, potentially leading to the extension of the 2023 budget for another year.

Despite the setback, the government remains hopeful about negotiating with Junts in the coming days to secure their support.

Meanwhile, the PSOE and Sumar parties are shifting pressure onto the opposition, particularly the PP, accusing them of risking significant financial cuts to public services.

The situation underscores the fragile nature of the current coalition and the critical role of Junts in legislative decisions.