Spain has today reached the symbolic milestone of 1,000 days without a new national budget, the main tool for steering the country’s economic policy and setting priorities for public spending.

The left-wing coalition government led by Pedro Sánchez, made up of PSOE and Sumar, has gone the entire legislative term without passing a single budget. Instead, it has been governing with the budget approved in 2022 for the 2023 financial year.

That year, after Sánchez returned as prime minister – without a parliamentary majority – the government argued that the 2023 election results had made it difficult to bring a new budget bill before the Congress…

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