Editorial

What does Sánchez intend with the announcement of the budgets?

Pedro Sánchez during his intervention at the Annual Meeting of the Cercle d'Economia
26 min ago
2 min

BarcelonaThe President of the Spanish government, Pedro Sánchez, has surprised allies and adversaries alike at the Cercle d'Economia by announcing that the order for the preparation of the 2027 budgets will be published in the BOE this very week. Needless to say, in the midst of a judicial storm against the PSOE and with the legislature about to enter its final year, the possibility of these accounts moving forward is almost non-existent. If it wasn't possible in 2024 and 2025, when there was still half a term left, it's even less so now. What, then, lies behind this plot twist from the Spanish president?

To begin with, it must be said that the announcement is consistent with the strategy he has maintained throughout the entire legislature, which is to project an image of democratic normality and a willingness to exhaust the term with the aim of undermining the morale of an opposition that has tried to delegitimize the socialist executive since day one. Now, however, we must add another intention, which is to change the public conversation and counteract the wear and tear caused by the numerous judicial cases that are besieging the PSOE. Thus, it seems that Sánchez intends to turn this budget project into a springboard that will allow him to face the next elections in better conditions and debate what interests him most, which is public policies.

The objective, therefore, would not be to approve the budgets but to force a debate in which the government feels particularly comfortable and to try to make the opposition parties bear the burden of voting no to a project that will certainly be expansive and will contain a multitude of proposals, for example in housing and infrastructure matters, to which it will not be so easy to say no. In reality, creating budgets is equivalent to drawing a model of the country, and Pedro Sánchez is above all interested in being able to confront the right on the country's model if he wants any chance of repeating his mandate. However, the main obstacle Sánchez will face will be approving the stability path in Congress. If they reject it, as the PP, Vox, and Junts have already done in the past, everything will go to hell.

In his speech at the Cercle, Sánchez also made it clear that he intends to bring the new financing model to approval despite the boycott by the autonomous governments of the PP, who have already announced that they will not meet with the Secretary of State for Finance to discuss it. Unlike the budgets, however, the financing model does have some possibility of being approved, and it is Junts who can tip the scales. It would be incomprehensible that a measure that benefits Catalonia, even if considered a modest gain, is not approved by the votes against it from a Catalanist party. And even more so when the prospect is that of a government of the PP and Vox.

In any case, in Barcelona it has become clear that Pedro Sánchez intends to fight until the end with all the weapons at his disposal. And that of presenting a State budget project is not a minor weapon.

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