Castilla y León: €444M Surplus Recorded in November 2023

Castilla y León Reports €444 Million Surplus, But Growth Slows in 2025

The autonomous community of Castilla y León recorded a surplus of €444 million through November 2025, a decrease from the €625 million reported during the same period in 2024, according to data released Friday by the Ministry of Finance. This represents 0.57% of the region’s Gross Domestic Product (GDP), down from 0.83% a year prior.

Regional Financial Performance

Castilla y León’s surplus ranks as the seventh-largest among Spain’s autonomous communities in absolute terms. Andalucía leads with a surplus of €1.310 billion, followed by Canary Islands (€720 million), Catalonia (€701 million), the Navarre Regional Community (€621 million), the Basque Country (€534 million), and Galicia (€457 million). Last year, Castilla y León held the fourth-largest surplus.

Despite the decline in absolute figures, Castilla y León currently holds the sixth-highest surplus percentage relative to its GDP. Notably, the Community of Valencia (-1.18%), Murcia (-0.76%), and Community of Madrid (-0.06%) all reported deficits during the period.

Did you know? – Spain’s autonomous communities have significant financial autonomy, allowing them to manage their own budgets and taxes within a national framework. This leads to varying economic performance across regions.

the regional administration registered a total surplus of €3.406 billion by the end of November 2025, equating to 0.20% of GDP – a 53.8% decrease compared to the previous year.

Leading Surpluses as a Percentage of GDP

Navarre (+2.21%), Asturias (+1.38%), and the Canary Islands (+1.17%) demonstrated the most significant surpluses when measured as a percentage of their respective GDPs.

Revenue and Expenditure Trends

A 3.8% increase in revenue brought total resources to €248.118 billion. However, this growth was outpaced by a 5.7% rise in expenditure, which reached €244.712 billion. community taxes increased by 7.2% to €97.803 billion, with taxes on production and imports contributing €21.291 billion.

Revenue from taxes on income and wealth rose by 6% to a total of €73.632 billion, of which €63.792 billion came from payments made by the State, representing a 9.9% increase. Revenue from taxes on capital reached €2.880 billion.

Pro tip – Analyzing surplus percentages relative to GDP provides a more accurate comparison of regional financial health than simply looking at absolute surplus amounts.

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The data underscores a shifting financial landscape across Spain’s autonomous communities, with varying degrees of success in maintaining budgetary surpluses.

Why: Castilla y León experienced a decline in its surplus compared to the previous year, despite an overall increase in revenue. This is primarily due to expenditure growth outpacing revenue gains.

Who: The Ministry of Finance released the data, impacting the autonomous communities of Spain, particularly Castilla y León, Andalucía, canary Islands, Catalonia, Navarre, Basque country, Galicia, Community of Valencia, Murcia, and Community of Madrid.

what: Castilla y León’s surplus decreased from €625 million in November 2024 to €444 million in November 2025,representing 0.57% of its GDP, down from 0.83%.Nationally, overall surplus decreased by 53.8% to €3.406 billion. Several regions, including Valencia, murcia, and Madrid, reported deficits.

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