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    AIReF English

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

    Home » SPENDING REVIEW. PHASE III

    Spending review. Phase III

    On June 29, 2021, the Council of Ministers adopted the agreement whereby the Independent Authority for Fiscal Responsibility (AIReF) is entrusted with the third phase of the Spending Review process.

    As a continuation of phases I and II of the Spending Review, the Central Government requests AIReF to evaluate the financial instruments made available by the public sector to support the productive sectors. In addition, the evaluation of public expenditure allocated to urban waste management is required. In particular, AIReF will evaluate:

    • Public spending on financial instruments for the support of the productive sectors of the Spanish economy and, in particular, those related to the area of internationalization.
    • Public expenditure on urban waste management and economic and fiscal instruments for the internalization of market failures.

    ACTION PLAN