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    AIReF English

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

    Cristina Herrero highlights the role of the IFIs in the future fiscal framework as an integrating link between the European framework and the reality of each country

    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in a workshop on fiscal rules organised by Fedea, in which she stressed the need to strengthen the role of the Independent Fiscal Institutions (IFIs) in view of the reform of the fiscal framework at European and national level. In ... Read more

    AIReF warns of the high pressure of an ageing population on public finances and calls for a comprehensive perspective for their sustainability

    PRESENTATION OF THE OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS. SPANISH VERSION. OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS. SPANISH VERSION. Spain’s population will reach 50.3 million in 2050 and 52.1 million in 2070 due to immigration, with a profound transformation of the structure by ... Read more

    Cristina Herrero reviews the main challenges for the sustainability of public finances in an interview on “TVE Parlamento”

    Cristina Herrero entrevista RTVE
      ACCESS TO THE PARLIAMENT PROGRAMME BROADCAST ON 11 MARCH 2023. ONLY IN SPANISH. The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, gave an interview at “TVE Parlamento” in which she reviewed the main challenges for the sustainability of public finances and highlighted the need to take advantage of the year ... Read more

    AIReF estimates that 2022 closed with real GDP growth of 5.3% and a public deficit of 4.5%

    DÉFICIT 2022
      The Independent Authority for Fiscal Responsibility estimates real GDP growth of 5.3% in 2022 and 1.6% in 202 The inflation forecast for 2022 is lowered by 5 tenths of a percentage point to 8.4% due to the recent moderation in energy prices. The CPI forecast for 2023 is raised by 3 tenths of a ... Read more

    AIReF endorses the government’s macroeconomic forecasts, but warns of significant downside risks

    Carpetas de AIReF
    AIReF notes that the Government's nominal growth estimate is in the central range of the probability intervals of its scenario. However, it perceives downside risks in the real growth forecast by the Government for 2023, of 2.1%, compared with the 1.5% estimated by AIReF Among the risks, it points to the deterioration of the advanced ... Read more

    Cristina Herrero receives the highest distinction to merit in the Economy Service 2022 granted by the General Council of Economists

    CRISTINA HERRERO RECIBE EL PREMIO GRAN CRUZ AL MÉRITO EN EL SERVICIO DE LA ECONOMÍA 2022 QUE OTORGA EL CONSEJO GENERAL DE ECONOMSITAS
    The President states that AIReF is a much-needed institution and she intends to establish its durability and usefulness for society, as well as to strengthen the institution's independence, transparency and accountability The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today received the “Grand Cross of Merit in Service to the Economy”, ... Read more

    AIReF endorses the macroeconomic forecasts of Navarra for 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Navarre. However, it considers that the forecast scenario proposed by the region for 2022 might be optimistic, despite the favourable performance of the first half of the year. According to the Law on the Establishment of AIReF, the ... 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