The Independent Authority for Fiscal Responsibility (AIReF) today published its report on the 2026 Annual Progress Report of the Medium-Term Fiscal-Structural Plan (MTP), in which it updates its macroeconomic and fiscal forecasts to 2030 and analyses Spain’s compliance with the fiscal commitments undertaken under the new European fiscal framework.
AIReF also includes scenarios to analyse the effect of strictly meeting the agreed targets and the impact on the deficit and debt of activating the defence escape clause. The report is supplemented by individual reports for the Autonomous Regions, which also include a medium-term fiscal scenario under unchanged policies.
