The government submitted the 2027 State Budget proposal to Parliament on Thursday, projecting unemployment rates of 5.8% for 2026 and 5.7% for 2027. These figures reflect an official outlook of economic dynamism and near full employment.
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The government's 2027 State Budget proposal forecasts that the 3-month Euribor rate will rise to 3.4% in 2027 (up from an estimated 2.5% in 2026), and 10-year euro area interest rates will reach 3.8% (up from 3.5% this year). These projections are based on future market expectations as of mid-September, reflecting a continuing restrictive monetary policy by the European Central Bank to control inflation.
The unemployment rate in September remained stable at 5.6% compared to the previous month, but represents a decrease of 0.1 percentage points compared to September 2025. These are preliminary figures released by the National Statistics Institute (INE).
The Order of Pharmacists argues the government's 2027 State Budget proposal lacks a clear strategy for medication policy and fails to fully utilize the potential of pharmacists to support the National Health Service (SNS). While the Order welcomes measures regarding disease prevention and health professional valuation, it suggests the budget should have been more ambitious in areas like pharmacy-led minor clinical interventions and local medicine production. The budget proposal was delivered to Parliament on Thursday, 2026-10-08, with discussions set for October 27-28 and a final vote scheduled for November 24, 2026.