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    AIReF English

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

    AIReF warns that debt will start on an upward path from 2025 if the structural deficit of 4% is not reduced

    Press conference APE 2022-2025
    The Independent Authority for Fiscal Responsibility considers that the Stability Programme sets out feasible scenarios on both the macroeconomic and fiscal side, but identifies vulnerabilities and asserts that it is still not a true medium-term fiscal strategy The structural deficit will stand at around 4% in 2025, 0.6 points above the pre-pandemic level The margin ... Read more

    Report on the 2022-2025 Stability Programme Update

    The Independent Authority for Fiscal Responsibility (AIReF) has to report on the content of the 2022-2025 Stability Programme Update (SPU), in terms of both the macroeconomic forecasts and its fiscal scenario, in compliance with the mandate of Articles 14 and 16 of Organic Law 6/2013 on the establishment of AIReF. Previously, on April 29 th, ... Read more