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    AIReF English

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

    “AIReF’s analytical potential will be very useful for applying the new fiscal rules”, says Cristina Herrero

    CH almuerzo ingenieros
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in the 16th Lunch of the Industrial Engineering Association, highlighting the role played by AIReF in the Spanish economy. In her words, AIReF was and is a necessary institution that brings great added value to both public managers and society ... Read more

    AIReF analyses the evolution of debt and updates the long-term sustainability analysis with the proposal for the new fiscal framework

    Observatorio de deuda febrero 2024 (1)
    The Independent Authority for Fiscal Responsibility (AIReF) publishes the Debt Monitor, in which it reviews the evolution of public debt in 2023, which closed at 107.7% of GDP, a reduction of 3.9 points over the year, although it remains 9.5 points above the pre-pandemic level According to AIReF's estimates, the reduction in the ratio in ... Read more

    Cristina Herrero participates in 150th anniversary of General State Comptroller

    Cristina Herrero en el Aniversario de la IGAE
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in the 150th anniversary of the General State Comptroller (Spanish acronym: IGAE), inaugurated by His Majesty King Felipe VI in the Auditorium of the Museo Nacional Centro de Arte Reina Sofía [Reina Sofía National Arts Museum Centre]. The inauguration was ... Read more

    “AIReF is a key and necessary player in the evaluation of public policies in Spain”, says Cristina Herrero

    Cristina Herrero Curso de Evaluación de Políticas Públicas Tribunal de Cuentas
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, opened today the course on “Evaluation of Public Policies” organised by the Court of Auditors. In her speech, she highlighted the role that AIReF plays today as a “key and necessary” player in the evaluation of public policies in Spain. As the President ... Read more

    AIReF endorses Castile and Leon’s macroeconomic forecasts for 2024

    Parlamento CYL
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts that accompany the draft budget of the Autonomous Region of Castile and Leon for 2024, which present estimates of growth in gross domestic product (GDP) in volume terms and expenditure for the period 2022-2026 which differ from the latest estimates of the macroeconomic scenario for ... Read more

    AIReF publishes monitoring of fourth quarter 2023 recommendations

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) issued 7 recommendations aimed at strengthening medium-term orientation and budgetary stability, and at improving transparency and the exchange of information AIReF's recommendations are governed by the principle of ‘comply or explain’, the institution's main tool for fulfilling its mandate All recommendations were addressed to the Ministry of Finance ... Read more

    AIReF forecasts real GDP growth of 1.7% in 2024

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) updates its macroeconomic forecasts for 2023 and 2024, after incorporating the latest information available and the Consumer Price Index (CPI) data It revises real GDP growth in 2023 up by 0.1 points to 2.4% and maintains its forecast for real GDP growth in 2024 at 1.7% As regards ... Read more

    “The main challenge for public finances is to define a strategy to reduce debt in a sustained manner”, says Cristina Herrero

    Foto foro ADEA
    The President of the Independent Authority for Fiscal Responsibility, Cristina Herrero, took part today in the ADEA forum organised by the Association of Managers and Executives of Aragon, where she stressed that the main challenge for public finances is to define a strategy to reduce debt in a sustained manner and guarantee fiscal sustainability. The ... Read more

    AIReF publishes the monitoring of the recommendations for the third quarter of 2023 and creates an interactive tool to facilitate user tracking

    Recomendaciones HI
    The Independent Authority for Fiscal Responsibility (AIReF) issued nine recommendations aimed at strengthening budgetary stability and the expenditure rule AIReF's recommendations are governed by the principle of “comply or explain”, the institution’s main tool to fulfil its mandate In general, the Ministry of Finance deviated from following the recommendations, while the Autonomous Regions and Local ... Read more

    AIReF’s Advisory Board meets to analyze the Institution’s activity in 2023 and plans for 2024

    Consejo Asesor diciembre 2023
    The Advisory Board of the Independent Authority for Fiscal Responsibility (AIReF) met this Monday to analyse the main actions of the institution in 2023 and its plans for 2024. This is the second meeting that´s been held since last March when the nine members of the Board renewed their offices and Rafael Bengoa, a doctor ... Read more