Spain's budget delayed as government rushes to cushion economic hit from Iran war
Published on March 19, 2026.
Spain's government is prioritising measures to counter rising fuel and electricity prices caused by the Iran war. The country had previously committed to presenting the 2026 budget by the end of March, far longer than usual. The Socialist-led government has been unable to secure enough votes to pass a budget since 2023. Approximately 103 billion euros in EU pandemic recovery funds have been used to finance new projects.
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