State fails to explain €526 million in public support, warns spending watchdog

The Court of Auditors has refused to certify the state's 2025 accounts, citing a lack of transparency regarding €526 million in public subsidies and €331 million in misreported revenue and expenditure. The watchdog noted systemic failures in accounting, including an inability to integrate Social Security finances and significant delays in distributing EU-funded PRR support to final beneficiaries.