Madrid Approves €6.9 Billion Budget for 2027
Listen to the story
Madrid city has a new budget plan for 2027.
The budget is 6,901 million euros. This is more money than this year. It is 4.9% more.
The city council said yes to the plan. This is the first step. It is called an initial approval.
The budget has record social spending. This means money for people who need help.
The plan also has money for housing. Housing means homes for people.
The city will spend 248 million euros on housing. This is 3.6% of all the money.
The mayor of Madrid is José Luis Martínez-Almeida. This is his second time as mayor.
This budget is the last one in his second term. A term is a time when someone has a job.
The budget also finishes big building projects. People call them 'megaobras'. This means very big building works.
The mayor said 'housing, housing, and more housing' is important.
Vocabulary6 words
- budget
- a plan for how to spend money
- initial approval
- the first yes; not the final yes
- social spending
- money used to help people
- housing
- homes where people live
- term
- a period of time in a job
- megaobras
- very big building projects
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Quiz
Answer key
1. 6,901 million euros 2. 248 million euros 3. Yes
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Madrid city has a new _____ plan for 2027.
The budget is _____ million euros. This is more money than this year.
It is _____ more.
The city council said yes to the plan. This is called an _____.
The budget has record _____. This means money for people who need help.
The plan also has money for _____. This means homes for people.
The city will spend _____ million euros on housing.
This is _____ of all the money.
The mayor of Madrid is on his second _____.
The budget also finishes big building projects called _____.
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