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    AIReF English

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

    AIReF warns of a 9% expansion of expenditure in large Local Governments

    Sede de AIReF
    Including the positive impact of the 2020 settlement compensation, the surplus forecast is 3% of its revenues.   In its report of 6 July AIReF recommended the Local Governments (LGs) to avoid increases in expenditure or reductions in revenue that do not have permanent financing, a recommendation that is still valid today.   Of the ... Read more

    Cristina Herrero: “The definition of a forward-looking fiscal strategy is now an unavoidable task”

    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in the Economic Forum of El Diario Montañés and stated that the definition of a forward-looking fiscal strategy is now an unavoidable task, given the vulnerable situation of public finances, the medium and long-term challenges -such as ageing or climate ... Read more

    Cristina Herrero meets with Círculo Cívico de Opinión

    Cristina Herrero, presidenta de la AIReF
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, met today with members of the association Círculo Cívico de Opinión, with whom she shared AIReF's perception of the current economic and budgetary situation. Pending the review to be carried out on the occasion of the report on the Stability Programme Update in ... Read more

    AIReF updates Debt Observatory following closure of the ratio at 113.2% of GDP in 2022

    Imagen Observatorio Deuda abril 2023
    The Independent Authority for Fiscal Responsibility notes that debt fell by 5 points of GDP last year and shows a clear path of reduction from the peak of 125.7% reached in the first quarter of 2021. In the short term, AIReF projects a further decline in debt in 2023, which would bring the ratio to ... Read more

    Supplementary Individual Assessment Report on the 2023 Budgets of Local Governments

    The Independent Authority for Fiscal Responsibility (AIReF) has to issue a report in April each year on the variations in the budgets to be executed in the year by the Public Administrations (PAs) with respect to the fundamental lines drawn up at the start of the budget cycle. Within the analysis of the Local Corporations ... Read more

    AIReF recommends eleven Local Governments to analyse the increases in expenditure since 2019 and avoid further increases without permanent financing

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility notes that the average growth in computable expenditure in 2022 was more than 9%, a figure that is unprecedented and follows an increase of more than 7% in 2021 Between 2019 and 2022, the period in which the fiscal rules have been suspended, the eligible expenditure of large local ... Read more

    Individual Reports on the Initial Budgets of the Autonomous Regions for 2023

    The Independent Authority for Fiscal Responsibility (AIReF) publishes the individual reports on the Initial Budgets of the Autonomous Regions (CCAA) for 2023, with which it completes the global analysis of the Public Administrations published last April 5. For the subsector as a whole, the institution estimates a deficit of 0.3% in 2023, similar to the ... Read more

    Four Autonomous Regions will close 2023 with a deficit above the benchmark of 0.3% of GDP set for the sub-sector

    The Independent Authority for Fiscal Responsibility (AIReF) today published on its website the individual reports on the Initial Budgets of the Autonomous Regions (AR) for the year 2023. For the sub-sector as a whole, the institution estimates a deficit of 0.3% in 2023, similar to the benchmark set for the ARs by the Government and ... Read more

    Report on the Initial Budget of the General Government 2023

    The Independent Authority for Fiscal Responsibility (AIReF) publishes the Initial Budget Report for the Public Administrations 2023, in which it updates its macroeconomic and fiscal forecasts, incorporating the impact of the measures approved or extended since the last report. AIReF maintains the growth estimate at 1.6% for 2023 and raises the public deficit estimate for ... Read more

    AIReF estimates economy to grow 1.6% in 2023 and deficit to close at 4.2% of GDP

    The Independent Authority for Fiscal Responsibility maintains its growth forecast unchanged at 1.6% and expects a consumer price index change of 4% Raises the public deficit forecast for 2023 by 9 tenths of a percentage point due to measures to alleviate the energy crisis, to 4.2% of GDP The revenue forecast decreases by one percentage ... Read more