The Recovery and Resilience Plan (PRR) has reached a total of 15.669 billion euros in payments, representing 72% of approved funds. The government has announced a 'surgical' phase for projects nearing their deadlines, offering to amend contracts to allow completion by 31 December 2027 while guaranteeing current funding levels, provided beneficiaries commit to this new timeline.
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The Socialist Party (PS) is planning to propose an amendment to the State Budget to create a mechanism that automatically directs extra tax revenue—generated if inflation exceeds the government's 2.3% forecast—toward measures intended to mitigate the cost of living. This proposal includes a short-term approach to offset the budgetary impact of these measures, which the PS intends to implement early in 2027.
Wholesale gas prices in Europe have reached 100 euros per MWh, their highest level since 2023, putting upward pressure on electricity production costs. While current residential bills remain stable due to existing fixed-price contracts and lower grid access tariffs, experts warn that new contracts and renewals will soon reflect these rising energy costs. Additionally, the energy regulator (ERSE) may need to upwardly revise its 2027 regulated tariff proposal because it currently underestimates future energy market prices.
Although Euribor rates saw slight declines in September ahead of an ECB decision, the accumulated increases continue to raise the cost of credit for families. Mortgage installments subject to a rate reset in November will experience an increase due to the calculation methods used by banks.