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    AIReF English

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

    Cristina Herrero: “The definition of a forward-looking fiscal strategy is now an unavoidable task”

    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in the Economic Forum of El Diario Montañés and stated that the definition of a forward-looking fiscal strategy is now an unavoidable task, given the vulnerable situation of public finances, the medium and long-term challenges -such as ageing or climate ... Read more

    Cristina Herrero gives a lecture at the University of Zaragoza on the coordination of fiscal policy in the European Union

    Cristina Herrero en Zaragoza
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, gave a lecture on fiscal policy coordination in the European Union at the University of Zaragoza, as part of the tenth anniversary of the bilingual degree in Business Administration and Management (ADE). During her speech, she reviewed the evolution of fiscal coordination from ... Read more

    AIReF estimates deficit will stand at around 3% of GDP in 2026 and debt will rise again from 2030 in absence of additional measures

    The Independent Authority for Fiscal Responsibility (AIReF) notes that the Stability Programme is framed within a transitional context towards new fiscal rules that make the sustainability analysis more important AIReF asserts that the design of the SPU aligns that of previous years and does not constitute an instrument for medium-term planning, despite recommendations from AIReF ... 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 updates the Debt Monitor after year-end 2021 and estimates that the ratio will fall to 113.8% in 2023

    AIReF points out the risks for sustainability, which include a scenario of stagflation in the European Union, an upturn in interest rates, the increase in contingent liabilities through the Guarantee Lines and the expected increase in healthcare spending and pension spending as a result of the ageing population In the Debt Monitor, AIReF sets out ... Read more