The spokesperson for Finance of the Socialist Parliamentary Group, Manuel Hernández, denounces the "non-compliance," warned on repeated occasions through different parliamentary initiatives, "with the spending rule in Fiscal Year 2024 by the Canary Islands Government."
This is confirmed by the Ministry of Finance of the Spanish Government in its second report on the monitoring of the budgetary stability objective, public debt, and the spending rule for the 2024 fiscal year, dated November 25, 2025, which indicates that the Canary Islands infringed this last fiscal rule.
Hernández shows his "concern" about what he calls "the chronicle of a foretold breach of promise" for over a year, as the amendment in its entirety presented to the General Budgets of the Autonomous Community for 2024 already warned of this situation, and "it is further proof of the irresponsibility and disastrous budgetary management of the current Government."
The socialist deputy explains that, according to the aforementioned report, which is issued in application of the Organic Law on Budgetary Stability and Financial Sustainability, the Canary Islands breached the spending rule in 2024 by 5 points, reaching 7.6% compared to the authorized 2.6%, confirming what the Independent Authority for Fiscal Responsibility has "repeatedly" pointed out.
This non-compliance translates into the Autonomous Community **having to adjust its Budget during the 2026 fiscal year by approximately 445 million euros**, rendering the Budget Bill for 2026, currently being processed in the regional Chamber, "a dead letter," jeopardizing the provision of public services and the boost to economic activity on the islands.
"The poor budgetary management of the Canary Islands Government has consequences, but it will be the citizens of the islands who pay for it in the form of public spending cuts," warns Hernández.Likewise, it explains that AIReF has issued continuous alerts through "multiple" reports regarding the risk of non-compliance with the spending rule, recommending to the Canary Islands **strict monitoring of computable spending**. "We have warned about this on repeated occasions, but the only response we have received from the Minister of Finance is to try to hold others responsible for her irresponsible management and to deny the seriousness of AIReF's reports."
In this regard, AIReF had already pointed out in its Report 54/23 on the fundamental lines of the 2024 budgets the risk of non-compliance with the spending rule, a warning that continued with report 7/24, of April 11, on the Initial Budgets 2024 of the Autonomous Community of the Canary Islands, which noted a risk of non-compliance with the spending rule for the 2024 fiscal year; and which was reinforced by AIReF reports 27/24, of July 17, and 58/24, of November 5.
However, for Hernández, the gravity of the situation takes on an extraordinary dimension when AIReF states in report 78/25, dated October 5, referring to the fundamental lines of the Budget for 2026 of the Autonomous Community of the Canary Islands, issued weeks before the aforementioned Draft Law was approved by the Governing Council, that "the review of the data for the years 2023 and 2024 points to a possible breach of the 2024 spending rule that was not detected with the preliminary data; an extreme that must be confirmed with the publication of the second report from the Ministry of Finance on compliance with the stability, debt, and spending rule objectives for 2024. In that case, the Autonomous Community of the Canary Islands must present an Economic and Financial Plan (PEF) for the breach of the rule in 2024, to correct the deviation in 2025 and 2026".According to the socialist deputy, "we have been warning about this on several occasions, but the Government has ignored it and it represents the confirmation of the failure in the management of the CC and PP Government."
It also recalls that the Socialist Group repeatedly warned that there was a real risk of this scenario occurring, submitting various parliamentary initiatives that were met with denial by the regional Executive, and even with the affirmation by the Minister of Finance that the law would be complied with and, therefore, fiscal rules would be respected.
"We are facing a complicated situation that is the product, on the one hand, of the Executive's inaction in correcting these warnings from an independent and prestigious entity such as the aforementioned; and on the other, of the adoption of misguided measures, among which are irresponsible fiscal measures, which we have denounced on multiple occasions, and which have only served to diminish the spending capacity of the administration for the benefit of the Archipelago's upper classes," he adds.
