Public transport tickets will remain at half price until June 2025, as the last cabinet council of the year will extend support for another six months. A reduction that, with the contribution from the Basque institutions, will remain at 50%.
The Spanish government celebrates this Monday last cabinet meeting of the yearin which you are expected to pass a battery of economic measuresfrom the expansion of the tax for large energy companies in 2025 to the expansion of transport bonuses or the increase in pensions.
On the one hand, a royal decree will be approved this Monday with the extension of the tax for large energy companies until 2025a commitment by the government and its partners -ERC, Bildu and BNG- that everything points to this will not receive congressional approval considering the opposition from PNV and Juns.
After the tax repeal this week…with the votes of PP, Junts, PNV and Vox– The government will have to reapprove it instead of extending it as planned.
On the other hand, at this time the approval of the increase in diesel tax to equate it with that of petrol, something the government plans to do in an independent Royal Decree that it is still negotiating with its partners.
Public transport bonus
Moreover, this Monday is the maintenance during the first half of 2025 of public transport support which have been in force since September 2022, and which the free Renfe subscriptions for Cercanías, Rodalies and Media Distancia conventionally another six months.
In the same way, the current discounts for some railway lines and the free bus lines under the jurisdiction of the State for returning travelers will be maintained, as well as the tickets in the Canary Islands and the Balearic Islands, and the direct aid to promote the reduction of the minimum 50 % of the price of multi-journey passes and tickets for urban and interurban collective transport.
The Government will subsidize the 30% reduction in transport to the autonomous communities and local entities that undertake to implement and supplement the reductions, so that at least the price of land transport services under their jurisdiction is reduced by half for regular travelers.
Budget extension
Another measure that the Council of Ministers will approve is the Royal Decree on the budget extension, which will adjust certain elements of the 2023 accounts – currently in force, as those for 2024 were never approved – to adapt them to the next excercise.
The budget extension happens automatically when it reaches January 1 without approved bills, but usually requires some adjustments.
Pension increase of 2.8%
The revaluation of pensions is also generally approved before the end of the year, which will amount to 2.8% in 2025, an increase calculated with inflation data between December 2023 and November 2024 and which will be applied to the premium pensions of the passive classes .
Social Security has not yet detailed how much minimum and non-contributory pensions will rise, which should rise more than the rest under the latest pension reform. The increase in the minimum vital income (IMV) is also imminent.
Likewise, the current interprofessional minimum wage (SMI) should be extended pending the new amount that would later be applied retroactively from January 1.
Source: EITB
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