The invisible bill of the OE2027: another 776 million just on interest and public debt

The State Budget for 2027 (OE2027) will face significant pressure on public accounts, with public debt interest expenditure increasing by 776 million euros compared to this year. In 2025, the State spent approximately six billion euros on debt interest, and the Government's projections indicate that this growth trend will continue.

In addition to interest, other mandatory expenditures such as pensions, salaries, and public investment will continue to pressure the State's accounts. The preparatory document for the 2027 Budget indicates that only already approved policies will have an impact of 4,783 million euros before the new Budget adds new measures.

The Government expects these mandatory expenditures to represent a significant invoice for public accounts, limiting the margin for maneuver for new initiatives in the next budget. This situation reflects the growing weight of debt service and commitments already assumed by the State.