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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 Canary Islands’ Budget 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts for 2023 presented by the Canary Islands. These macroeconomic forecasts are made in a context of uncertainty that makes their assessment difficult at a national level, but even more so at a territorial level, since the latest information available on the Spanish Regional Accounts refers to the year 2020 and is not consistent with the information for the country as a whole after the statistical revisions of last September.

    The Canary Islands has elaborated alternative growth scenarios for the years 2022 and 2023, establishing a central scenario, as well as an optimistic and a pessimistic one. The community’s estimates point to GDP growth that could range between 6.3% and 9% in 2022, with growth of 7.6% under the central scenario. By 2023, the figures range from 1.3% in the pessimistic scenario to 5.2% in the optimistic scenario, with 3.3% under the central estimate.

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