The Spanish government has announced a record budget ceiling of €199.171 billion for 2025, marking a 3.2% increase from the previous year.

This budget aims to support the country's economic growth, projected at 2.4% for 2024 and 2.2% for 2025. However, the government faces challenges in securing parliamentary approval for the budget due to a fragmented political landscape.

The deficit is expected to decrease to 2.5% of GDP in 2025, down from 3.6% last year.

Despite positive economic indicators, including a projected increase in tax revenue, the government must navigate complex negotiations with various political partners to finalize the budget before the end of the year.