Déficit y Medidas Contra Inflación

Deficit Forecast Climbs Higher Than Expected

AIReF lifted its 2026 deficit projection to 2.7%, signaling tighter fiscal conditions ahead, La Opinión de Málaga reported. This higher number reflects updated economic data and revised spending assumptions. Spain must narrow its budget gap to meet EU targets set under the bloc's fiscal framework for member states.

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More Inflation-Fighting Measures Likely Coming

The watchdog sees inflation control as a top priority and flagged that additional policy steps are "very probable" in the near term, El Periódico de Extremadura said. These measures could range from interest rate adjustments to targeted spending cuts. AIReF's warning suggests the central bank and government may need to act beyond current policies.

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2027 Budget Must Look Beyond One Year Ahead

AIReF is demanding that Spain's 2027 budget include a medium-term fiscal strategy, El Periódico Mediterráneo reported. A single-year budget ignores the structural changes Spain must make under EU rules. The agency wants lawmakers to map out spending and revenue for at least three to four years to create a credible plan.

Spain must submit a revised structural fiscal plan by April 2028 to Brussels, Levante-EMV noted. This deadline creates pressure to design 2027 policies that align with longer-term targets. Without a clear roadmap, Spain risks missing EU goals and facing additional penalties.

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