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    AIReF English

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

    AIReF publishes estimate of composition by Autonomous Regions of national GDP for fourth quarter of 2023

    Mapa Metcap 4t 2023
    The Independent Authority for Fiscal Responsibility (AIReF) today published the estimate of the GDP of the Autonomous Regions (AR) for the fourth quarter of 2023 using the methodology known as METCAP (Methodology for Quarterly Estimate of GDP by Autonomous Region), created by the Institution. METCAP provides the first open-access estimate in Spain that offers these ... 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 updates the evaluation of its macroeconomic and fiscal forecasting

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) has updated the self-assessment of its macroeconomic and fiscal forecasting that it first published in February 2022. This transparency exercise, in line with AIReF's core values, places AIReF on a par with other independent fiscal institutions that already perform this type of exercise and fulfils one of the main ... 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

    AIReF states that the Rebalancing Plan does not comply with the Law on Budgetary Stability and recommends creating a fiscal strategy prior to the return of fiscal rules

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) argues that the approved Rebalancing Plan does not include the information provided for in the Law on Budgetary Stability. In contrast, it refers to the consolidation path provided for in the Stability Programme Update and the Budgetary Plan It does not explicitly present the macroeconomic outlook underlying the ... Read more

    AIReF reviews healthcare spending in Extremadura and proposes measures to improve efficiency

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility evaluates hospital pharmaceutical spending, spending on prescription medicines dispensed at pharmacies and spending on medicines in socio-health centres in Extremadura These items totalled €558m in 2022, accounting for more than a quarter of total healthcare spending, or 2.8% of regional GDP. AIReF also evaluates spending on investment in high-tech ... Read more