Editorial: El Mundo

• The Council of Ministers approves an increase in the spending ceiling for 2026 by 8.5%, reaching over 212,000 million euros, indicating an electoral intent on the part of the executive.
• The government approves a deficit path that was rejected by Junts and a record spending ceiling.
• Vice President María Jesús Montero postpones the presentation of the budgets until the first quarter of 2026.
• Montero is seeking an unviable solution for autonomous financing, postponing a proposal for a new system until next year and pushing for tax penalties for Madrid.
• The new model of autonomous financing will be negotiated multilaterally and bilaterally, implying privileges for Catalonia.

Conclusion: The Government, with its lack of political and budgetary stability, is currently not in a position to undertake a reform of autonomous financing, especially if this implies compromising equality.

---