AIReF has a legal mandate to report annually in July on budget execution, public debt, and the spending rule for the various public administrations (AAPP). The report includes an individual assessment of expected compliance with fiscal rules by the end of 2025 for the 25 large local governments (CCLLs) monitored by AIReF, as well as an assessment of the 20 municipalities in which AIReF identified sustainability risks at the start of the current budget cycle.
For the group of large local governments, AIReF forecasts a surplus of close to 5% of their revenue in 2025, in line with the analysis conducted for the Initial Budgets report last April, although with certain variations in individual compositions. AIReF estimates that all the large local governments analyzed in this report will close 2025 with a surplus, unlike in the previous report.
