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    AIReF English

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

    Cristina Herrero: “The need for a medium-term fiscal strategy also extends to the regional governments”

    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in a lunch-meeting organised by APD Zona Sur and stated that the need for a medium-term fiscal strategy also extends to the regional governments, which will have to design their own strategies to ensure the sustainability of public finances. During her ... Read more

    AIReF’s Advisory Board meets to analyze the Institution’s main activities in 2022

    The Advisory Board of the Independent Authority for Fiscal Responsibility (AIReF) met on Thursday to analyse the institution's main activities in 2022 and, in particular, the approach to the long-term scenario for the General Government that AIReF is preparing, as well as the analysis of the Minimum Living Income. Technical and methodological issues were discussed, ... Read more

    Cristina Herrero: “We need a medium-term fiscal strategy anchored in a new national fiscal framework”

    La presidenta de la AIReF, Cristina Herrero, en EY Insights Economics
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today as a speaker at the EY Insights Economics Meeting and stressed that the medium-term fiscal strategy needed to ensure the sustainability of public finances must be anchored to a new national fiscal framework that can be adapted to the country's needs ... Read more

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

    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 Stability Programme Update 2022-2025

    The Independent Authority for Fiscal Responsibility, AAI (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 29th ... Read more

    AIReF publishes the first quarterly estimate of the composition of national GDP by region

    Tasa interanual Metcap primer trimestre 2022
    The Independent Authority for Fiscal Responsibility (AIReF) today published the estimate of the GDP of the Autonomous Regions (ARs) for the first quarter of 2022 using the METCAP methodology (Methodology for Quarterly Estimation of GDP by Autonomous Region), which was created by the Institution. METCAP provides the first freely-accessible estimate in Spain that offers these ... Read more

    Endorsement of macroeconomic forecasts Stability Program 2022-2025

    The Independent Authority for Fiscal Responsibility (AIReF) received from the Government a request for a report on the macroeconomic forecasts of the 2022-2025 Stability Program. In accordance with Article 14 of Organic Law 6/2013, of November 14, on the creation of the Independent Authority for Fiscal Responsibility, AAI (AIReF), the Government must request AIReF to ... Read more

    Cristina Herrero highlights the serious commitment that the Autonomous Regions are showing to evaluation

    Cristina Herrero, presidenta de la AIReF en el Foro Económico del Norte de Castilla
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in the “El Norte de Castilla” Economic Forum and highlighted the serious commitment that the Autonomous Regions are showing to evaluation, as they are entrusting the institution with the analysis of critical policies, such as healthcare and active employment policies, thus ... Read more