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    AIReF English

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

    Cristina Herrero shares her vision of reform of Stability Pact and role of IFIs with European Parliament

    Cristina Herrero Parlamento
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in a session on the reform of the fiscal rules organised at the headquarters of the European Parliament in Madrid, where she advocated the importance of ambition in the reform of the fiscal rules currently being debated in Europe. During ... Read more

    Cristina Herrero: “The national reform of the fiscal rules could go beyond what is agreed in Europe”

    The President of the Independent Authority for Fiscal Responsibility (AIReF) declares her backing for the proposed reform of the Stability and Growth Pact (SGP) presented by the European Commission in April She expresses her support for establishing adjustment paths differentiated by country and a priority focus on public spending rather than the fiscal imbalance and ... Read more

    AIReF publishes third quarter estimate of composition of national GDP by autonomous region

    Mapa Metcap 3t 2023
    The Independent Authority for Fiscal Responsibility (AIReF) today published the estimate of the GDP of the Autonomous Regions (ARs) for the third quarter of 2023 using the METCAP methodology (Methodology for Quarterly Estimation of GDP by Autonomous Region), which was created by the institution. METCAP provides the first freely-accessible estimate in Spain that offers these ... Read more

    AIReF estimates that Autonomous Regions will achieve a surplus of 0.2% of GDP in 2024

    Previsiones CCAA octubre 2023
    The Independent Authority for Fiscal Responsibility (AIReF) published the Main Lines of the Budgets of the General Government Sector 2024 on its website today, along with the individual reports of the Autonomous Regions (ARs) and the individual evaluation report of the Local Governments (LGs). For the AR sub-sector as a whole, AIReF estimates a surplus ... Read more

    According to AIReF, Local Governments will achieve a surplus of 0.2% in 2024

    Previsiones CCLL, octubre 2023
    The Independent Authority for Fiscal Responsibility (AIReF) published the Main Lines of the Budgets of the General Government Sector 2024 on its website today, along with the individual reports of the Autonomous Regions (ARs) and the individual evaluation report of the Local Governments (LGs). For the LG sub-sector as a whole, AIReF estimates a surplus ... Read more

    AIReF estimates GDP growth of 1.7% in 2024 and a public deficit of 3% of GDP

    The Independent Authority for Fiscal Responsibility (AIReF) reports on the Budgetary Plan, the main milestone of Spain’s fiscal strategy in 2024, given the absence of a General State Budget AIReF highlights that 2024 will be characterised by the return of fiscal rules and the persistence of economic and institutional uncertainty AIReF revises GDP growth downwards ... Read more

    AIReF endorses macroeconomic forecasts for Andalusia and Madrid for 2024

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the Regional Accounts forecasts that accompany the draft budgets of Andalusia and Madrid for 2024. Andalusia presents Gross Domestic Product (GDP) growth estimates in volume terms and at current prices, the implicit GDP deflator and employment for the period 2023-2024 that are different to the most recent ... Read more

    Cristina Herrero opens the new academic year at the School of Economics of the Association of Economists of Murcia

    Cristina Herrero en el Colegio de Economistas de Murcia
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, opened the new academic year 2023/2024 today at the School of Economics of the Association of Economists of Murcia, and took the opportunity in her speech to stress the importance of guaranteeing the efficient and effective use of public resources allocated to education ... Read more

    AIReF endorses macroeconomic forecasts for Extremadura for 2024

    Junta de Extremadura
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the Regional Accounts forecasts that accompany the 2024 draft budget of Extremadura, which include GDP growth estimates in volume terms and employment for the period 2023-2026, that are different from the latest macroeconomic scenario estimates for the country as a whole. According to the Organic Law on ... Read more

    AIReF endorses macroeconomic forecasts for Galicia for 2024

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the Regional Accounts forecasts that accompany the 2024 draft budget of Galicia, which include GDP growth estimates and its components on the supply and demand side in volume terms, along with the GDP in current terms, the implicit GDP deflator and employment for the period 2023-2024, that ... Read more