Spain’s minority government led by Prime Minister Pedro Sánchez continues to face parliamentary fragility stemming from reliance on regional parties such as Junts, alongside recent regional election setbacks for the PSOE in places including Aragon and Andalusia that have underscored a broader rightward shift. Budget negotiations for 2026 remain unresolved, fueling periodic speculation about an early dissolution of parliament, though Sánchez has historically preferred completing full terms. The prime minister retains the constitutional authority to propose a snap election to the monarch at any time, provided no no-confidence motion or emergency is active, with the next scheduled general election due no later than August 2027. Corruption investigations and housing pressures add to domestic headwinds, while international positioning has provided some counterbalance. No snap election has been announced in recent months.