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Order ECM/2/2026 establishes the creation of State Debt to meet financing requirements throughout 2026 and the first month of 2027. This provision is issued in accordance with Law 31/2022 and Law 47/2003, repealing the previous regulation (Order ECM/3/2025) to update the debt issuance framework (ref. BOE index).
The regulation does not create direct obligations for the private sector, but rather regulates the financing capacity of the Public Treasury. Its main effect is the update of the legal framework for debt issuance, ensuring the continuity of the state financing policy during the specified period (ref. BOE index).
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