The Community of Madrid must submit an economic and financial plan (PEF) due to its failure to comply with the spending rule in 2025; this plan must be reviewed by the Independent Authority for Fiscal Responsibility (AIReF) before being approved by the Fiscal and Financial Policy Council (CPFF).
The AIReF states that the Community of Madrid’s PEF includes the sections required by Article 21 of the LOEPSF, but that it has shortcomings.