The European Commission considers that the Spanish budget “is in line” with its recommendations, although Brussels’ analysis is based on the extension of the accounts, and warns that the fiscal situation is “very difficult” due to the excessive deficit and a debt elevated. Therefore, it requests that the Government send a new draft “as soon as possible.”
According to the analysis of the European Commission, and as the economic forecasts published last week warned, Spain will exceed the deficit target, with 3.2% in 2024 and 3.4% in 2025, according to current data. In this sense, community sources believe that “the main message” is that the fiscal situation is “very difficult.” Precisely because of the deficit, which will be above 3%, risking the opening of a file. The tax rules have been disabled since the pandemic, but starting next year they will be back in force, pending the approval of a review, which is still being negotiated.