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    AIReF English

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

    Report on the projects and fundamental lines of the budgets of public administrations: General State Budgets 2023

    This report analyzes the draft General State Budget for 2023 (PGE) presented on October 6, and therefore focuses on the subsectors of the Central Administration and the Social Security Funds. AIReF detects notable shortcomings in the 2023 Budget and warns of its weakness as a key economic policy instrument. Among the shortcomings, it highlights that ... Read more

    AIReF identifies significant deficiencies in the 2023 Budget and warns of its weakness as a key economic policy instrument

    Cristina Herrero en el Congreso de los Diputados
    Cristina Herrero stresses that these deficiencies, observed in previous years, are worsening and detract from the quality of the information in the Budget, undermine its potential as a tool for economic planning and weaken its accountability function The deficiencies include underestimation of 2022 revenue, failure to incorporate measures, lack of information on execution of the ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of Aragon

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Aragon. These forecasts are made in a context of uncertainty that makes their assessment difficult at the national level, but even more so at the territorial level. Although the estimated GDP rate for 2023 by Aragón is higher ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of Galicia

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Galicia. The institution notes that these forecasts are made in a context of uncertainty that makes their assessment difficult at the national level, but even more so at the territorial level. Galicia's forecast for 2023 is higher than ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of the Basque Country

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by the Basque Country. The institution notes that these forecasts are made in a context of uncertainty that makes their assessment difficult at a national level, but even more so at a territorial level. Although the rate of change ... Read more

    AIReF endorses the macroeconomic forecasts for 2023 for the Basque Country, Galicia and Aragon

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers the forecasts for 2023 presented by the Basque Country, Galicia and Aragon feasible. These macroeconomic forecasts are made against a backdrop of uncertainty that complicates their assessment at a national level, but heightens them at a territorial level since the latest information available on Spanish ... Read more

    AIReF endorses the government’s macroeconomic forecasts, but warns of significant downside risks

    Carpetas de AIReF
    AIReF notes that the Government's nominal growth estimate is in the central range of the probability intervals of its scenario. However, it perceives downside risks in the real growth forecast by the Government for 2023, of 2.1%, compared with the 1.5% estimated by AIReF Among the risks, it points to the deterioration of the advanced ... Read more

    Endorsement of the macroeconomic forecasts of the General State Budget for 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses the macroeconomic scenario that accompanies the 2023 General State Budget (GSB), considering that both the GDP growth path and the inflation forecasts are feasible, although there are significant downside risks in the former. The purpose of this report is to verify that the budgetary scenario is based ... Read more

    Cristina Herrero receives the highest distinction to merit in the Economy Service 2022 granted by the General Council of Economists

    CRISTINA HERRERO RECIBE EL PREMIO GRAN CRUZ AL MÉRITO EN EL SERVICIO DE LA ECONOMÍA 2022 QUE OTORGA EL CONSEJO GENERAL DE ECONOMSITAS
    The President states that AIReF is a much-needed institution and she intends to establish its durability and usefulness for society, as well as to strengthen the institution's independence, transparency and accountability The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today received the “Grand Cross of Merit in Service to the Economy”, ... Read more