Spain’s minority government under Prime Minister Pedro Sánchez continues to rely on external support from regional parties including Junts amid ongoing coalition tensions and uncertainty surrounding the 2026 budget negotiations. Recent regional contests in Aragón, Castilla y León, and Andalusia delivered further seat losses for the ruling PSOE while bolstering the opposition People’s Party and elevating Vox’s position as a potential kingmaker. Sánchez has repeatedly stated his intention to complete the full legislative term ending no later than August 2027 and has rejected calls for an early general election. No motion of no confidence or dissolution trigger has materialized, though parliamentary arithmetic and fiscal deadlines remain the primary variables that could alter the timeline before the scheduled vote.