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    AIReF English

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

    Tax benefits study

    This Study of the second phase of the Spending Review focuses on the analysis of 13 tax benefits, with a cost of 35 billion, which represents 60% of the total existing benefits. In its evaluation, AIReF highlights the opportunity cost of tax benefits in terms of revenue collection and the importance of ensuring that they ... Read more

    AIReF highlights the opportunity cost of fiscal benefits and the importance of guaranteeing their effectiveness

    Rueda de Prensa en AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) plans to review some of the 13 fiscal benefits analysed It suggests contextualising any changes to the fiscal benefits within the strategic planning of the public policies to which they relate, evaluating their effects ex-ante and their fulfilment ex-post  Reforms carried out in the last decade in relation ... Read more

    AIReF recommends activating the escape clause, establishing a medium-term fiscal strategy, and implementing the proposals of the Spending Review

    Rueda de Prensa en AIReF
      The Independent Authority for Fiscal Responsibility continues to use an analysis framework based on two alternative scenarios, which differ in their estimated drop in GDP in 2020, ranging from -10.1% to -12.4% in 2020 depending on the duration of the pandemic  In budgetary matters, AIReF estimates a general government deficit of 11.9% in 2020, ... Read more

    AIReF resumes publication of MIPred, having adapted the model to the situation caused by COVID-19

    Mipred
    The Independent Authority for Fiscal Responsibility processes labour market variables to determine the effect of ERTEs on employment and uses information on the de-escalation process The updated MIPred shows a drop in GDP of 14.1% in the second quarter  The Independent Authority for Fiscal Responsibility (AIReF) has resumed the publication of MIPRed, its real time ... Read more