Spain's PM Pedro Sánchez unveils 2027 budget at Cercle d'Economia

Prime Minister Pedro Sánchez attended the annual Cercle d'Economia meeting in Barcelona and announced that his government will begin drafting Spain's 2027 state budget this week. He emphasized the goal of completing the current legislative term and avoiding an early election, signalling a desire to see the administration through to 2027.

The event also featured the opposition leader Alberto Núñez Feijóo, who reiterated his party's stance on a possible motion of no confidence. Sánchez referenced ongoing issues such as the BBVA‑Sabadell takeover and highlighted the importance of the upcoming budget in addressing Spain's strategic and economic challenges.

Analysts view the budget move as a political strategy to consolidate the government's position while the opposition prepares for potential parliamentary maneuvers.