Key facts
- The government has extended its anti-crisis economic measures, which were set to expire on June 30.
- New measures include continued fuel subsidies for hauliers, farmers, and livestock breeders.
- A new housing policy package is slated for approval in July, featuring regulations on seasonal rentals and tax incentives for landlords.
- The government has begun the process for the 2027 General State Budget by updating macroeconomic forecasts.
- Annual inflation for June remained at 3.2%, the same as in the preceding two months.
The government has extended its anti-crisis economic measures and initiated the process for the 2027 General State Budget. The extended measures aim to protect households, workers, and economic sectors vulnerable to energy market volatility, with continued fuel subsidies for hauliers, farmers, and livestock breeders.
Economy Minister Carlos Cuerpo defended the extension, emphasizing the need to remain vigilant amid high geopolitical uncertainty. The government plans to approve a new housing policy package in July, which will include measures to regulate seasonal rentals, offer tax incentives to landlords who lower rents, and increase VAT on tourist accommodation to 21%. These initiatives complement the 2026–2030 State Housing Plan, which has a total investment of 7 billion euros.
The update of the macroeconomic framework marks the first step toward drafting the 2027 budget. The government intends to present a new budget after several years of extended budgets, contingent on securing a parliamentary majority. The announcement coincides with the release of the June flash inflation figure, which remained at 3.2% annually.