Airef publishes the 2nd phase of the Spending Review, which evaluates 51 billion in public spending, more than 4% of Spanish GDP
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AIReF recommends activating the escape clause, establishing a medium-term fiscal strategy, and implementing the proposals of the Spending Review
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
Cristina Herrero declares that the sustainability of public finances is an essential requirement for preserving the welfare state
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Cristina Herrero demands greater institutional quality and highmindedness to face an unprecedented situation
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AIReF resumes publication of MIPred, having adapted the model to the situation caused by COVID-19
The Independent Authority for Fiscal Responsibility processes labour market variables to determine the effect of ERTEs on employment and uses information on the de-escalation process The updated MIPred shows a drop in GDP of 14.1% in the second quarter The Independent Authority for Fiscal Responsibility (AIReF) has resumed the publication of MIPRed, its real time ... Read more
Cristina Herrero calls for a comprehensive exit strategy that supports recovery and ensures the sustainability of public accounts
This strategy will be stronger and more credible if the design and definition is supported by the institutional cooperation of all the public administrations and with the greatest possible support from parliament and economic players. Access the AIReF President's presentation (Only available in Spanish) The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina ... Read more
Cristina Herrero highlights the challenge faced by european economies in designing reform and investment plans to boost medium term growth
The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in the International Conference of Councils on Economic Policy, organized by the German Council of Economic Experts (Sachverständigenrat Wirtschaft) and the French Council of Economic Analysis (Conseil D'Analyse Économique, CAE). The Conference assembled the economic advisors of the major governments. In ... Read more
AIReF resumes monthly stability target monitoring and includes an analysis of measures to counteract COVID-19
The Independent Authority for Fiscal Responsibility (AIReF) has changed the publication of the stability target monitoring, merging expenditure and revenue trends and assessment of compliance with the targets into a single fact sheet. On this occasion, it also includes a detailed analysis of the measures that have been adopted to deal with COVID-19. You can ... Read more
AIReF President Cristina Herrero appears before the Congressional Finance Commission
ACCESS THE AIREF PRESIDENT’S PRESENTATION TO THE FINANCE COMMISSION Only available in Spanish ACCESS THE VIDEO OF THE AIREF PRESIDENT’S APPEARANCE Only available in Spanish The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, appeared today before the Finance Commission of the Congress of Deputies to give her view on the economic ... Read more
AIReF publishes the first quarterly estimate of the composition of national GDP by Region
The METCAP methodology makes it possible to estimate the composition of quarterly national GDP by Regions. Today the Independent Authority for Fiscal Responsibility (AIReF) published the estimate of regional GDP for the first quarter of 2020 through the methodology called METCAP (Metodología de Estimación Trimestral por Comunidades Autónomas del PIB - Methodology for Quarterly Estimation ... Read more