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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 macroeconomic forecasts of Valencian Community’s Budget 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts for 2023 presented by the Valencian Region. These macroeconomic forecasts are made in a context of uncertainty that makes it difficult to assess them at a national level, but even more so at a territorial level since the latest information available on the Spanish Regional ... Read more

    Report on the macroeconomic forecasts of Community of Madrid’s Budget 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts for 2023 presented by the Community of Madrid. These macroeconomic forecasts are made in a context of uncertainty that makes it difficult to assess them at a national level, but even more so at a territorial level, since the latest information available on the Spanish ... Read more

    Report on the Projects and Main Lines of the Budgets of the Public Administrations for 2023, including the Autonomous Regions and Local Entities

    The Independent Authority for Fiscal Responsibility (AIReF) has to issue a report on the projects and fundamental lines of the budgets of the Public Administrations. This report analyzes the draft budgets of the Autonomous Regions and Local Governments and offers an overview of the budget forecasts of all the Public Administrations through the analysis of ... Read more

    Report on the macroeconomic forecasts of Castile and Leon’s Budget 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Castile and Leon. 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 Castilla ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of Andalusia

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Andalusia. 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 rate estimated for 2023 GDP by Andalusia is higher ... Read more

    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

    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

    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