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    AIReF English

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

    AIReF and Bank of Spain continue their collaboration on exchange of public sector information

    Carpetas de AIReF
    The two institutions have signed a new agreement, similar to the one signed in July 2017, which includes the exchange of information, continuous staff training plans and joint research projects The Independent Authority for Fiscal Responsibility, AAI (AIReF) and the Bank of Spain have signed a new four-year agreement to continue their collaboration on regular ... Read more

    Cristina Herrero: “The economic and fiscal situation requires responsibility from all tiers of government”

    Cristina Herrero en NEF 2
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, has taken part today in the Europa Forum organised by Nueva Economía Fórum where she reviewed the economic and fiscal situation of the country. In her opinion, Spain is undergoing a complex period that requires responsibility and commitment from all tiers of government. ... Read more

    Report on the macroeconomic forecasts of Castile-La Mancha’s Budget 2024

    This report assesses the forecasts accompanying the 2024 draft budget of Castile-La Mancha, which presents estimates of GDP growth, in volume terms and at current prices, and of employment in terms of employed persons from Regional Accounting for the period 2023-2026 different from the latest estimates of the macroeconomic scenario for the national set. Castile-La ... Read more

    AIReF endorses Castile-La Mancha’s macroeconomic forecast for 2024

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the Regional Accounts forecasts that accompany the 2024 draft budget of Castile-La Mancha, which includes GDP growth estimates in volume terms and at current prices, and employment estimates in terms of people in work for the period 2023-2026 that are different from the latest macroeconomic scenario estimates ... Read more

    AIReF publishes the second quarter estimate of the composition of national GDP by Autonomous Regions

    The Independent Authority for Fiscal Responsibility (AIReF) published today the estimate of the GDP of the Autonomous Regions for the second quarter of 2023 using the methodology known as METCAP (Methodology for Quarterly Estimates of GDP by Autonomous Region), created by the Institution. METCAP provides the first open-access estimate in Spain that offers these data ... Read more

    AIReF publishes the studies of the third phase of the Spending Review 2018-2021

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) has published today on its website two studies on 'Municipal Waste Management' and on 'Public Sector Financial Instruments to Support Productive Sectors of the Spanish Economy', which are part of phase III of the Spending Review 2018-2021 committed with the European Commission. The publication of both studies is ... Read more

    Municipal waste management study

    This study of phase III of the Spending Review 2018-2021 provides evidence on the effectiveness and efficiency of a set of instruments available to public administrations to achieve the objectives that Spain has ahead in terms of municipal waste management. The scope of this study is limited to municipal waste, defined in Law 7/2022 as ... Read more

    Study of public sector financial instruments to support productive sectors of the Spanish economy

    This study of phase III of the Spending Review 2018-2021 analyzes Public Sector Financial Instruments for the support of productive sectors of the Spanish economy, intervention tools that fulfill two functions: to serve as a countercyclical instrument in times of credit restrictions and to solve market failures of a structural nature, usually related to asymmetric ... Read more

    Supplementary Report on Budgetary Execution, Public Debt, Spending Rule 2023 of Local Entities

    The Independent Authority for Fiscal Responsibility (AIReF) has the legal mandate to report every year on the budget execution, public debt and expenditure rule of the different Public Administrations (PAs). This report is complementary to the one published last July 6 and includes the individualized assessment of the main fiscal indicators that make it possible ... Read more

    AIReF improves its GDP growth forecast to 2.3% by 2023 and maintains the deficit at 4.1% of GDP

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) improves the GDP forecast based on the new estimates from INE's Quarterly Accounts It estimates CPI growth of 3.7% in 2023, somewhat lower than projected in the spring, while the GDP deflator is expected to grow by 4.8% The extension of the measures implies an increase in the ... Read more