Canary Islands to receive 7.098 billion euros in 2026, the largest advance payment in its history

The Ministry of Finance will allocate 7.6% more to the autonomous community, reaching a record figure to finance public services.

Generic image of economic growth and public services in the Canary Islands.
IA

Generic image of economic growth and public services in the Canary Islands.

The Canary Islands will receive a total of 7.098 billion euros from the Ministry of Finance in advance payments in 2026, the highest figure ever recorded for the autonomous community.

This amount represents a 7.6% increase compared to 2025. If the 1.069 billion from the 2024 settlement, paid this year, is added, the total state resources to finance public services in the Canary Islands will amount to 8.167 billion, an 8.6% increase.
Nationally, the State will pay autonomous communities 170.3 billion euros in advance payments and the 2024 settlement, also marking the highest figure in history, with a 7.7% increase compared to the previous year.
The Minister of Finance, Arcadi España, recalled that Congress twice rejected the update of advance payments, which generated "treasury tensions and harmed regional governments." He urged parliamentary groups to support this measure, which is "beneficial" for citizens by allowing "an increase in resources for healthcare, education, or dependency."
España highlighted that the communities will have "the greatest resources in history" and asked regional governments to ensure this increase is reflected "in the quality of their public services," questioning whether they are being used to combat waiting lists or to lower taxes for high earners.
Regarding local entities, municipalities will receive a "historic" figure of 29.247 billion euros, 8.8% more than in 2025. For the Canary Islands, advance payments for municipalities will reach 1.437 billion, a 9.2% increase.
Furthermore, the approved regulatory text allows local entities to use their surplus from 2025 and subsequent years (up to 2029) for Financially Sustainable Investments. It is estimated that approximately 2,544 municipalities can allocate 3.168 billion to investments until 2027.