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    AIReF English

    “Our mission is to guarantee effective compliance of the financial sustainability principle by the General Goverment”

    Working Paper 2/2014 Spanish Public Debt Sustainability Analysis

    This note develops an overarching debt sustainability analysis (DSA) framework, encompassing three of its main dimensions: (i) a traditional (deterministic) sustainability exercise, based on a simple accounting application involving the debt accumulation equation; (ii) an assessment of the realism of the assumptions underlying the deterministic debt projections; and (iii) a stochastic exercise aimed at understanding … Read more

    Report on the Projects and Main Budgetary Aspects of Public Administrations

    The 2015 stability target (i.e. 4.2 per cent) appears as very challenging and requires a strict implementation of the presented Budget. In agreement with the requirements stated in its Organic Law, AIreF has assessed the adequacy to the 2015 stability and debt targets and expenditure rule  embedded in the State Draft Budget and the main … Read more