At its meeting on Monday, the Council of Ministers approved a new package of measures to mitigate the economic impact of the international crisis, while formally launching work on the General State Budget for 2027 by updating the macroeconomic framework. The meeting was also used to reinforce the government’s strategy on housing, one of the political priorities of the current legislature.
The new decree replaces the previous package of measures, which was due to expire on 30 June. As the prime minister had already signalled, the aim is to maintain protection for families, workers and economic sectors that are particularly exposed to the volatility of energy markets arising from the geopolitical situation in the Middle East.
The Minister for Economy, Trade and Enterprise, Carlos Cuerpo, defended the extension, arguing that "we cannot let our guard down", as the economy is still operating in a context of "heightened geopolitical uncertainty". He said the government would maintain support for the most exposed sectors for as long as the risks stemming from the international situation persist.
Among the measures that remain in place are subsidies of 20 cents per litre of fuel for hauliers, farmers and livestock breeders, as well as various incentives linked to electrification and the roll-out of renewable energy. The precise scope of the decree will be set out by the government after the Council of Ministers meeting.
