Key facts
- Spain's government extended its anti-crisis economic measures, originally due to expire June 30.
- The extended measures include a 20 cents per litre fuel subsidy for hauliers, farmers, and livestock breeders.
- A new housing policy package is planned for July, aiming to regulate short-term rentals and offer tax incentives to landlords.
- The government has initiated the 2027 General State Budget process by updating macroeconomic forecasts.
- Spain's annual inflation rate for June was 3.2%, unchanged from the previous two months.
Spain's government has extended its anti-crisis economic measures, originally set to expire on June 30, and has formally launched the process for drafting the 2027 General State Budget by updating macroeconomic forecasts. The extended measures aim to protect families, workers, and sectors exposed to energy market volatility.
Key measures include maintaining a 20 cents per litre fuel subsidy for hauliers, farmers, and livestock breeders, alongside incentives for electrification and renewable energy. The government argues these actions have helped contain price growth, though analysts caution that Middle East conflict evolution will continue to influence energy costs.
Alongside the anti-crisis shield, a new housing policy package is slated for July. This initiative aims to regulate short-term rentals, offer tax incentives to landlords who lower rents, and increase VAT on tourist accommodation to 21%. These proposals build upon the 2026–2030 National Housing Plan, which has a total investment of 7 billion euros, with 60% from the state and 40% from autonomous communities.
The updating of the macroeconomic framework is the first formal step in drawing up the 2027 General State Budget. The government intends to present new public accounts for 2027 after several years of extended budgets, contingent on securing a parliamentary majority.