Budgets, debt relief and autonomous financing fall after the end of the legislature
The electoral call leaves some of the key measures and reforms for the Government in suspense, which closes the first legislature in history without having submitted a General State Budgets project.
Spain's government has put on hold several key economic, fiscal, and labor measures ahead of early general elections on November 29. The snap election means the government will not present a new budget for 2024, marking the first time in history that a Spanish government has not done so. Measures such as debt forgiveness for regional governments, reform of regional financing, and a labor package including a new minimum wage increase will have to restart their parliamentary process when the new legislature begins on December 23.
The current government's budget from 2023 will be extended into 2024, after they had promised to present a new budget before the end of the year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
