Politics · Spain · 3 hrs ago

Spain’s extended 2023 budget has limited infrastructure investment

Spain’s extended 2023 budget has limited infrastructure investment

Spain is still using its 2023 state budget after three extensions, with no new budget proposal presented during the current term, according to the article.

Former Court of Audit head María José de la Fuente says the extensions have prevented new infrastructure funding for construction, repairs and maintenance.

The lack of a new budget also leaves regional and local authorities without clear information about planned state investment, making it harder for them to plan their own projects.

The funding debate has gained urgency after two high-speed rail tragedies this year, including a serious accident this week in Urda.

The article does not establish that the budget extensions caused either accident, but experts say railway maintenance needs to be well managed.

De la Fuente says an extended budget should be exceptional, while Spain’s fiscal watchdog has called for new accounts to improve planning; no next step is specified.

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What people are saying

María José de la Fuenteformer president of Spain’s Court of Audit
all the initiatives that could have been new and all the infrastructures that could have been built, renovated and repaired could not be absorbed with the extended budgets
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The budget extension is an exceptional mechanism and must be used as such
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Inés Olóndrizpresident of the Independent Authority for Fiscal Responsibility
strengthen planning and move towards a realistic and credible medium-term fiscal strategy
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Juan José Rubioprofessor of Public Finance at Complutense University of Madrid
the maintenance costs of railway lines require a well-managed system
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