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    AIReF English

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

    The Government deviates from the recommendations to improve the coherence and proper articulation of the budget and the budgetary plan

    The Independent Authority for Fiscal Responsibility made five recommendations in the fourth quarter aimed at providing fiscal policy with a medium-term orientation and strengthening the transparency of public accounts The Government and all the Autonomous Regions (ARs), except Catalonia and Valencia, undertake to adopt measures to prevent the withdrawal of measures against COVID-19 and the ... Read more

    AIReF publishes its contribution to the European Commission’s public consultation on the reform of the European fiscal framework

    Bruselas
    In December, the Independent Authority for Fiscal Responsibility (AIReF) presented the European Commission (EC) its contribution to the public consultation on the reform of the European fiscal framework. In its contribution, AIReF supports a fiscal framework adapted to the specific conditions of each country and built around a debt anchor, an expenditure rule, an escape ... Read more

    The Network of Independent Fiscal Institutions of the EU signs a new collaboration agreement with the Centre for European Policy Studies

    European flag
    The Network of Independent Fiscal Institutions of the European Union (EU), which AIReF is a member of, has renewed its partnership agreement with the Centre for European Policy Studies (CEPS) to exchange knowledge, research and activities in the field of public finance and fiscal supervision. The agreement came into force on 1 January 2022 and will ... Read more

    AIReF will publish it’s first Opinion about the Minimum Living Income during the first quarter of 2022

    Sede AIReF

    The Independent Authority for Fiscal Responsibility (AIReF) will publish its first Opinion on the Minimum Living Income (MLI) in the first quarter of 2022, in accordance with the Work Plan approved by the Institution and which has been published on its website today. This Opinion is to be published in accordance with the provisions of … Read more

    AIReF publishes the study ‘Active Labor Market Policies in Castile and Leon’

    It analyses four programmes of the set of active employment policies managed by the region’s Public Employment Service (ECYL) Training for unemployed people has a limited impact on employability which increases when supplemented by job guidance and placement strategies To improve management efficiency, AIReF proposes making the service provision model more flexible in order to ... Read more

    Cristina Herrero participates in a seminar about Independent Fiscal Institutions organised by the European Commission

    Annual Report 2021
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part on Thursday in the seminar on “Review of fiscal governance: Independent Fiscal Institutions”, organised by the European Commission. In her speech, she highlighted the characteristics that make AIReF a solid and independent institution and identified possible improvements that would contribute towards ... Read more

    Cristina Herrero analyses the economic and budgetary challenges of the recovery

    AIReF’s President stated that the recovery is subject to two major uncertainties: the new fiscal framework after the deactivation of the escape clause, possibly in 2023, and the impact of the Funds from the Recovery, Transformation and Resilience Plan (RTRP)  Cristina Herrero explained that the economy is recovering at a slower pace than previously estimated ... Read more

    Cristina Herrero appeared before the Budget Committee of the Senate

    The Institution revises its deficit forecast for 2021 to stand at 7.3% of GDP and maintains the 2022 forecast at 5% of GDP This revision follows the incorporation of new macroeconomic and budgetary information since publication of the last Report on October 25th Cristina Herrero described 2022 as a decisive year, marked by a high ... Read more