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    AIReF English

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

    Report on the macroeconomic forecasts of the 2023 Budget of Andalusia

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Andalusia. These forecasts are made in a context of uncertainty that makes their assessment difficult at the national level, but even more so at the territorial level.

    Although the rate estimated for 2023 GDP by Andalusia is higher than that of AIReF, it is within the range of estimates of the analysts’ consensus and the real growth expected is lower than the estimate contemplated in the macroeconomic table accompanying the General State Budget. Furthermore, the estimate of the Andalusian GDP deflator is practically in line with AIReF’s estimate, so the differences in the estimates of the nominal GDP of the Community are exclusively attributable to the differences in real growth.

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