CFP. Budget may have leeway because interest expense seems to be very "overestimated"

The Public Finance Council (CFP) suggests that the projected interest expenses for the 2027 State Budget may be overestimated, potentially leading to a budget surplus. The CFP notes that the Ministry of Finance's forecast for interest expenses is significantly higher than previous estimates, raising concerns about its accuracy. If interest increases are lower than expected, it could result in a savings of 750 million euros. Additionally, rising interest rates could be offset by higher inflation, which poses risks to the budget. The CFP acknowledges the overall budget scenario as plausible, despite identifying upward risks for inflation in 2027.