03.13 - Spain Today News 5 September 2026

Spain Today - Last Spanish News · Sep 5, 2026 · 20m · transcript

Here is the daily news roundup from Spain Today:

1. Regional Financing Reform Passes First Hurdle Amid Intense Political Division

The Ministry of Finance has approved its draft reform of the regional financing system during a highly charged meeting of the Council for Fiscal and Policy Financial Policy. The new model proposes injecting an additional €20.975 billion into Spain's autonomous communities. Under this plan, regions would see their share of personal income tax (IRPF) rise from 50% to 55% and VAT increase from 50% to 56.5%. It also introduces a compensatory fund for regions dealing…