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    AIReF English

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

    AIReF estimates a surplus of 0.5% of GDP for the Local Government in 2023

      The Independent Authority for Fiscal Responsibility maintains the year-end 2022 LG surplus at 0.2% after publication of the latest data The LG surplus is marked by the settlements of the financing system and the compensation between 2022 and 2024 for the negative settlement of 2020 In the medium term, the LG surplus will grow ... Read more

    Report on the macroeconomic forecasts of Castila y Leon’s Budget 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Castilla y León. 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 estimated GDP rate for 2023 by Castilla ... Read more

    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 ... Read more

    AIReF identifies significant deficiencies in the 2023 Budget and warns of its weakness as a key economic policy instrument

    Cristina Herrero en el Congreso de los Diputados
    Cristina Herrero stresses that these deficiencies, observed in previous years, are worsening and detract from the quality of the information in the Budget, undermine its potential as a tool for economic planning and weaken its accountability function The deficiencies include underestimation of 2022 revenue, failure to incorporate measures, lack of information on execution of the ... Read more