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    AIReF English

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

    AIReF estimates a deficit of 8% of GDP in 2021, after reaching 11.6% in 2020

    Appearance of Cristina Herrero before the Budget Committee In the baseline scenario, the Independent Authority for Fiscal Responsibility estimates that GDP could fall by 11.1% in 2020 and recover in 2021 to record 8.2% growth The differences between scenarios of AIReF and the Government are mainly due to the expected speed of recovery, which is ... 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