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    AIReF English

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

    Endorsement of macroeconomic forecasts Stability Programme 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, creating the Independent Authority for Fiscal Responsibility, AAI (AIReF), the Government must request AIReF to issue the report ... 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 ... Read more

    AIReF endorses the government’s macroeconomic scenario, but warns of downside risks due to the economic context

    Aval previsiones macro 2022
      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 ... 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

    Study of the review of public spending on healthcare in the Autonomous Community of Navarre

    On February 3, 2021, the Government of Navarre adopted an agreement requesting AIReF to draw up an action plan to carry out a study to review public spending policies (Spending Review) in certain areas of interest for the Autonomous Community of Navarre. The action plan was approved on April 13, 2022. Specifically, due to its ... Read more

    AIReF incorporates a new Tax Agency indicator into its MIPred forecasting model

    Carpetas de AIReF
    The quarter-on-quarter estimate for the first quarter of 2022 is reduced to 0.9%, implying a year-on-year rate of 7% The Independent Authority for Fiscal Responsibility (AIReF) has added a new indicator to its MIPred forecasting model with the aim of maximising the use of data to reduce the delay in the availability of information for ... Read more

    AIReF ranks as the most transparent institution in Spain among all regulators and supervisors

    Cristina Herrero, presidenta de la AIReF
    It achieves 100% compliance in terms of transparency, according to the Transparency and Good Governance Council index The Independent Authority for Fiscal Responsibility, AAI (AIReF) is the most transparent public body as it has achieved 100% compliance in the Transparency and Good Governance Council index. The Council has published its 2022 evaluation report on compliance ... Read more

    AIReF estimates that nine Autonomous Regions will close 2022 with a deficit below the reference rate of -0.6%

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) published on Thursday 7th April the Report on the Initial Budgets of the General Government (GG) for 2022 and the individual reports of each Autonomous Region (AR), in which it estimates that nine ARs will close 2022 with a deficit below the reference rate of -0.6%. For the ... Read more

    Reports on the Initial Budgets of the General Government 2022

    The Independent Authority for Fiscal Responsibility (AIReF) publishes the Report on the Initial Budgets of the Public Administrations (AAPP) for 2022, in which it updates its macroeconomic and fiscal forecasts in accordance with the new geopolitical situation, which has led to inflationary tensions not seen since the 1970s, and the latest information available. Given the ... Read more

    AIReF lowers the forecast for 2022 GDP by two points, to 4,3%, and reduces the deficit estimate by 0.6 points, to 4.2% of GDP

    The Independent Authority for Fiscal Responsibility updates its forecasts to take into account the impact of the energy crisis and production supply problems, which have been amplified by the war in Ukraine The institution reduces growth by two points compared with the last report due to the succession of supply shocks Expected inflation for 2022 ... Read more