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    AIReF English

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

    AIReF publishes its first interactive observatory of Autonomous Regions with fiscal and macroeconomic data and forecasts

    The Monitor Tool provides information on the performance of each AR in relation to fiscal rules, including details of revenue and expenditure, macroeconomic variables such as GDP and employment, and AIReF's forecasts It allows for in-depth analysis of a single AR, as well as comparisons between several ARs or the entire sub-sector for all variables ... Read more

    AIReF updates the Debt Monitor after year-end 2021 and estimates that the ratio will fall to 113.8% in 2023

    AIReF points out the risks for sustainability, which include a scenario of stagflation in the European Union, an upturn in interest rates, the increase in contingent liabilities through the Guarantee Lines and the expected increase in healthcare spending and pension spending as a result of the ageing population In the Debt Monitor, AIReF sets out ... Read more

    AIReF publishes its 2021 Annual Report

    In 2021, the institution published the reports linked to the budget cycle, participated in the debate on the future of fiscal rules, created the Public Spending Evaluation Division and a new Advisory Board, among other actions The Independent Authority for Fiscal Responsibility (AIReF) today published on its website the Annual Report for 2021, a document ... Read more

    AIReF advocates evaluating public policies of economic significance and impact that benefit the entire General Government (GG)

    The President of AIReF, Cristina Herrero, highlights the importance of evaluation for improving the quality of public finances, transparency and democratic quality The evaluation function is a medium-term commitment of the institution that has been made possible thanks to the European impetus and which has been implemented through the creation of AIReF’s new Evaluation Division, ... Read more

    Cristina Herrero states that it will be necessary to evaluate the effectiveness of Spain’s Recovery and Resilience Plan and that the achievement of milestones will not suffice

    She notes that the available information makes it difficult to analyse the macroeconomic and fiscal implications of the Plan The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, appeared today before the Commission of the Report on the socioeconomic and employment situation in Spain of the Spanish Economic and Social Council (Spanish ... Read more