Spanish Parliament Approves 2.7 Percent Pension Revaluation Decree

The Spanish Congress of Deputies has ended a weeks-long legislative impasse by approving the decree on pension revaluation for 2026. Although some sources reported a value of 2.6 percent, more recent reports confirm a 2.7 percent increase in benefits. This decision aims to protect the purchasing power of pensioners and disability benefit recipients. Minister for Social Security Elma Saiz emphasized that the reform serves to strengthen the public sector for future generations. Market data shows that since 2018, the state's monthly expenditure on this purpose has increased by 53 percent, and the average new pension benefit hovers around the 2000 euro mark. The pension system in Spain is based on the principle of intergenerational solidarity, but an aging population is putting increasing pressure on the state budget, forcing governments to implement systematic reforms and revaluations. Parallel to the parliamentary debates, the Spanish airport operator Aena caused a stir in the cultural world by establishing a literary prize of one million euros. This amount matches the prestigious Planeta Prize and aims to recognize the best prose in the Spanish language. However, this initiative met with a bitter reaction from the airline Ryanair, which accused the company of monopolistic practices and excessively high airport fees, using the inauguration of new routes from Valencia to Rabat and Warsaw to publicize its demands. „Va de fortalecer lo público para las generaciones siguientes” (It's about strengthening the public sector for the following generations.) — Elma Saiz In the economic sphere, Spain is also grappling with a sharp rise in property prices. In 2025, housing prices nationwide grew at a rate exceeding 10 percent in four regions, with Cantabria recording a record jump of 14.4 percent. This situation raises concerns about the return of a speculative bubble, especially in the Canary Islands, where prices have surpassed historical highs. The government is trying to ease these tensions through investment programs, such as the Sagrera plan in Barcelona, which envisages the construction of 11,000 new homes. 2,7% — is the finally approved pension revaluation Support for taxpayers will also come from income tax relief for purchasing electric vehicles in 2026. The Treasury Ministry confirmed the possibility of deducting up to 3000 euros, which is intended to stimulate the energy transition in transport. At the same time, weather forecasts for the country are becoming increasingly alarming – experts warn that phenomena such as floods in Valencia or extreme cyclones are becoming a new, brutal climatic norm on the Iberian Peninsula.