Economy
State Budget 2027: Socialist Party (PS) to abstain to avoid 'political precipice' and expects no surprises
The Socialist Party (PS) has confirmed its intention to abstain during the upcoming vote on the 2027 State Budget (OE2027) to ensure the country avoids entering the new year under 'duodécimos' (provisional budget management). The party remains committed to this position unless unexpected measures are introduced in the final government proposal, though they currently foresee no such developments.
Why it mattersThis abstention significantly increases the likelihood that the 2027 State Budget will pass, preventing the political instability and administrative delays that would arise from the country operating under a provisional budget starting January 1st.
