“Our mission is to guarantee effective compliance of the financial sustainability principle by the General Goverment”
The 2015 revalorisation pension index stands below 0.25%, therefore the minimum increase is applicable. According to the provisions included in its Organic Law, AIReF has assessed the compliance of the 2015 State Draft Budget and Main budgetary lines of the Regional Governments to the budget stability, debt and expenditure rule objectives. AIRef considers that “the … Read more
This note develops an overarching debt sustainability analysis (DSA) framework, encompassing three of its main dimensions: (i) a traditional (deterministic) sustainability exercise, based on a simple accounting application involving the debt accumulation equation; (ii) an assessment of the realism of the assumptions underlying the deterministic debt projections; and (iii) a stochastic exercise aimed at understanding … Read more
The 2015 stability target (i.e. 4.2 per cent) appears as very challenging and requires a strict implementation of the presented Budget. In agreement with the requirements stated in its Organic Law, AIreF has assessed the adequacy to the 2015 stability and debt targets and expenditure rule embedded in the State Draft Budget and the main … Read more
Access to Report on macroeconomic forecasts. Draft State Budget for 2015
Compliance with Deficit and Debt Targets Executive Summary 1 There are risks of non-compliance with the public debt threshold established for 2020. 2 The assessment of the General Government’s (GG) compliance with the appropriate debt targets must be performed at all levels comparing the initially set target and the actual data observed, both falling under … Read more
Working Paper No. 1/2014: Understand the financial sustainability Access to Working Paper Annex
Access to full report on the Economic and Financial Plans of the Autonomous Communities 2014
Multi-Year Budget Scenarios. They are essential to specifying the implementation in the budget of the stability programme and facilitating its monitoring. Executive Sumary 1 Multi-Year Budget Scenarios. They are essential to specifying the implementation in the budget of the stability programme and facilitating its monitoring. 2 Harmonisation of Budget Structures of All Public Administrations. This … Read more
The President of the Independent Authority Fiscal Responsibility José Luis Escrivá, today introduced the 2014 Lines of Action Content is not Available in English Version [Spanish Version]
AIReF`s President presents a lecture to the Committee on Finance and Public Administration Related documents: comparacenciacongreso20022014-140331102004-phpapp01.pdf
