Madrid approves 2025 budget with PP's absolute majority

Madrid's City Council approved the 2025 municipal budget on Monday, totaling 6,578 million euros, thanks to the PP's absolute majority, despite three total amendments from the opposition. The session, lasting over eight hours, featured heated debates on housing, infrastructure, and local conflicts. Critics decry the minimal investment in social housing amid a 55% rise in property prices since 2020.

The plenary session at the Palacio de Cibeles, combining two consecutive meetings, lasted over eight hours and was the longest of the year. The PP, led by Mayor José Luis Martínez-Almeida, pushed through the approval of continuist budgets, up 4.8% from the previous year, reaching 6,578 million euros in direct execution. Including autonomous companies like EMVS and EMT, the total hits 7,424 million euros, Madrid's highest ever.

Major projects include burying the A-5 and Paseo de la Castellana near the Cuatro Torres, plus a park over the M-30 at the Ventas bridge, linking Salamanca and Ciudad Lineal districts. Yet, only 88 million euros go to buying or building public housing, less than 1% of the total. "They have no ambition," criticized Socialist councilor Enma López. Sara Ladra of Más Madrid called it "a shame" and accused Almeida's model of promoting real estate speculation, luxury tourism, and tax gifts to the wealthy.

Debates also covered the housing crisis, with average prices 55% higher than in 2020, post-abortion syndrome—defended by Vox but deemed illegal by legal services—and the mayor's court losses. Almeida attacked Socialist spokesperson Reyes Maroto, citing the PSOE's poor showing in Sunday's Extremadura elections.

A rare consensus emerged on honoring musician Roberto Iniesta, who died on December 10, though the PP initially voted against to consult the family. Tensions peaked over removing the playground from Amadeo Vives school in Aluche for an elderly residence. Neighbors protested from the gallery, were expelled by plenary president Borja Fanjul, and councilor Paloma García told them: "Here, the only ones who build facilities are the Partido Popular."

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María Guardiola of PP speaks after winning Extremadura elections with 29 seats but needing Vox support, results on screen amid cheering supporters.
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PP wins Extremadura elections without absolute majority

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María Guardiola's Partido Popular has won the Extremadura regional elections with 29 seats, but falls four short of an absolute majority and will depend on Vox for investiture. The PSOE suffers its worst historical result with just 18 deputies, while Vox surges to 11 seats and Unidas por Extremadura rises to 7. Turnout was 62%, the lowest in the region's history.

Alberto Núñez Feijóo has acknowledged that it is nearly impossible for the PP to secure an absolute majority in the Extremadura elections on December 21, forcing the party to rely on Vox to govern. Meanwhile, the Junta de Extremadura, led by María Guardiola, has approved 165 million euros in aids and investments five days before the vote. These measures aim to boost sectors like self-employment and healthcare, though they spark controversy over their electoral timing.

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The Spanish government has accelerated its proposal to reform the autonomous communities' financing model, aiming to present an advanced offer in the coming weeks that includes more resources for public services. This initiative seeks to appease partners like ERC, who are pressing for progress on Catalonia's singular financing, and to position itself favorably in the 2026 regional elections. Andalucía will benefit from financial improvements and significant debt relief.

Following legislative elections, Argentina's officialism warned the opposition it will veto the 2026 Budget if it fails to ensure fiscal balance. Chamber of Deputies President Martín Menem stressed the need for rationality to avoid political chaos. The government aims to delay the debate until new legislators take office on December 10.

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Deputies in the Finance Commission overwhelmingly rejected Wednesday the state budget expenses for 2026, heavily rewritten with 27 billion euros in additional spending. This indicative vote highlights the lack of majority for the government text. Meanwhile, the Assembly approved a 2-euro tax on small extra-European parcels.

The Budget and Finance Committee in the Chamber of Deputies ratified Alberto 'Bertie' Benegas Lynch as president, as La Libertad Avanza speeds up the 2026 Budget process. The ruling party aims to issue the report on Tuesday and bring it to the floor on Wednesday, despite opposition demands for financial compensations. Negotiations persist amid tensions between allied blocs and the opposition.

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The Popular Party leverages Junts' threat to break with the PSOE to ramp up pressure on Pedro Sánchez's Government, during a week of key decisions in Catalan independence and judicial appearances. Deputy Secretary Elías Bendodo has urged Carles Puigdemont's party to 'stand firm' against what he calls a corrupt Government. Sánchez, meanwhile, ignores the challenge and focuses his attacks on the PP's management in Valencia after the DANA floods.

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