The Independent Authority for Fiscal Responsibility (AIReF) received from the Government a request for a report on the macroeconomic forecasts of the 2022-2025 Stability Program. In accordance with Article 14 of Organic Law 6/2013, of November 14, on the creation of the Independent Authority for Fiscal Responsibility, AAI (AIReF), the Government must request AIReF to issue the report on the macroeconomic forecasts to be incorporated in the update of the Stability Program (APE). This report responds to that request.
AIReF endorses the Government’s macroeconomic scenario that accompanies the APE as it considers it feasible, based on its own estimates, in a context of great uncertainty.