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    AIReF English

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

    AIReF forecasts a reduction in the General Government deficit to 3.5% of GDP in 2024

    Imagen APE
    The Independent Authority for Fiscal Responsibility (AIReF) considers the Stability Programme to be an incomplete approximation to the medium-term fiscal strategy it has recommended in previous reports AIReF considers that the Recovery, Transformation and Resilience Plan (RTRP) needs to be better integrated into the Stability Programme, which does not include the effects of the reforms ... Read more

    AIReF proposes designing a comprehensive medium-term budgetary framework for all level of the General Government

    Opinion Transparencia
      The analysis by the Independent Authority for Fiscal Responsibility (AIReF) puts Spain in a similar position to that of its peer countries in fiscal transparency in the General Government Relevant areas for improvement in medium-term orientation and fiscal risk management are identified AIReF proposes ensuring the consistency and reconciliation of the main budget planning ... Read more

    AIReF postpones the release of the Stability Programme Update Report due to lack of information

    Sede de la AIReF
    As in previous years, the Independent Authority for Fiscal Responsability (AIReF) has been obliged to postpone the publication of the Stability Programme Update Report as the information needed to produce it, has not yet been received. AIReF will likely publish the Report the week of May 10th, provided it has the necessary information. Article 16 ... Read more

    AIReF estimates that GDP will grow by 6.6% in 2021 and the public deficit will fall to 7.6% of GDP

    Imagen Informe Presupuestos Iniciales 2
      The Independent Authority for Fiscal Responsibility (AIReF) worsens its growth estimate for this year as a result of the severity of the health crisis and the revision of the impact of the Recovery Plan   It improves its public deficit forecast by just over 0.3 percentage points as a result of the contrasting effects ... Read more