The regional accounts for 2027, approved today by the Xunta Council, represent a 6.4% increase compared to the previous year, reaching €15.158 billion. President Alfonso Rueda highlighted that these figures are supported by ordinary resources and include new tax reductions for families, businesses, and housing access, alongside an unprecedented boost in social spending.
Social spending reaches €11.343 billion for the first time, growing by 7.1%, exceeding the overall budget increase. Rueda emphasized that "three out of every four euros of the Budget" are allocated to the social sector, encompassing healthcare, education, social policies, and employment.
The Minister of Finance, Miguel Corgos, underscored the prudence and solvency in management that allows the Galician government to continue lowering taxes. The new tax reductions will affect the first four brackets of personal income tax (IRPF), the Stamp Duty on Legal Acts (AXD) for protected housing transactions, and family business transfers.
In housing matters, the allocation for construction is doubled to €326 million. Furthermore, the Local Cooperation Fund will surpass the €200 million mark for the first time, and funding for Galician universities will amount to €582 million in 2027.
The productive sector also receives a boost with an allocation of €360 million (a 7.2% increase), and investment in R&D+i, which has doubled in seven years, is consolidated. The 2027 budgets are the fourth consecutive ones without new debt, with a projected debt-to-GDP ratio of 13.1% by the end of 2026.
