Madrid. At the end of 2025, Spain recorded a public deficit of 40.330 billion euros, which represents 2.39% of GDP. The country meets the target agreed with Brussels (2.5% of GDP) and achieves the lowest level since the onset of the financial crisis. According to information on budget execution released by the Ministry of Finance, the public deficit decreased by 10.937 billion euros in 2025, representing a reduction of 21.3% compared to 2024. This implies a drop of 0.83 percentage points in relation to the total for 2024 (3.22% of GDP). If the effect of the dana (3.550 billion) is excluded, the public deficit would have ended at 36.780 billion, representing 2.18% of GDP, 0.68 points less than the 2024 figure. Budget management has undergone variations in the past twenty years, shifting from surpluses during the real estate boom to deficits generated by the financial crisis and the pandemic. The corrections made have not managed to reduce the deficit below the 2.6% of GDP recorded in 2018. The new Minister of Finance, Arcadi Spain, stated that Spain is a trustworthy nation, with a credible and responsible fiscal policy.