Spain needs Budgets, not more taxes
We must reduce administrative structures, inefficient subsidies and public holdings to contain spending
Spain has been without a general state budget for three years, operating on the 2023 budget. The current situation is grave, with increased prices, pensions, public salaries, and debt interest, and new defense commitments. The country's debt reached 1.74 trillion euros in July 2026 and the deficit was 2.4% of GDP in 2025. The next government should prioritize reducing the public deficit, mainly by decreasing unproductive public spending, and reforming the pension system, and also focus on investing in education, vocational training, research, and new technologies.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
