The Basque Finance Council confirms the smooth running of tax collection and forecasts an increase of 5.2% by 2026
The forecast is to raise tax revenue to $21,130 million by 2026, a growth that will strengthen investment capacity in the Basque institutions, according to the Council.
Basque Finance Council. Photo: EFE.
The Basque Council of Finance (EFK) has confirmed that this year's revenue will exceed expectations and will be 1.9% higher thanbudgeted , as well as an increase of 5.2% in tax revenue in 2026, which will make it possible to raise a total of EUR 21,130 million, with significant increases in all the Basque territories.
Driven by the good performance of employment and the economy, the revenue figure in 2025 was 20,092 million , which is 9.7% more than in the previous year. However,corporate tax revenuehas fallen , due to the decline in corporate profits, which has mainly affected large companies.
The political leaders therefore stress the importance of supporting businesses, especially in the global economic context of instability in which we find ourselves. The Basque Members of Parliament have already agreed on contributions by 2026, which will amount to EUR 14.143 billion, with a distribution by territorial coefficients.
As far as the impact of tax reform is concerned, it is expected to raise EUR 335 million less by 2026, which the CVF says will directly benefit society.
The leaders of the organization have expressed confidence in the economic future and have ensured that next year's budgets will enable us to continue with expansionary investment policies.
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