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    AIReF English

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

    The deficit of the Autonomous Regions will fall to 0.1 % of GDP in 2023 due to the increase in the resvenue of the financing system

    Mapa CCAA
    The regions will close 2022 with a public deficit of 1% of GDP, a figure higher than that estimated in July The improvement in the balance in 2023 is explained by the sharp increase in interim payments and the positive settlement of the financing system after a year of negative settlement that more than offset ... 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 Aragon

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Aragon. 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 Aragón is higher ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of Galicia

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Galicia. The institution notes that 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. Galicia's forecast for 2023 is higher than ... Read more

    AIReF endorses the macroeconomic forecasts for 2023 for the Basque Country, Galicia and Aragon

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers the forecasts for 2023 presented by the Basque Country, Galicia and Aragon feasible. These macroeconomic forecasts are made against a backdrop of uncertainty that complicates their assessment at a national level, but heightens them at a territorial level since the latest information available on Spanish ... Read more

    AIReF endorses the government’s macroeconomic forecasts, but warns of significant downside risks

    Carpetas de AIReF
    AIReF notes that the Government's nominal growth estimate is in the central range of the probability intervals of its scenario. However, it perceives downside risks in the real growth forecast by the Government for 2023, of 2.1%, compared with the 1.5% estimated by AIReF Among the risks, it points to the deterioration of the advanced ... Read more

    Endorsement of the macroeconomic forecasts of the General State Budget for 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses the macroeconomic scenario that accompanies the 2023 General State Budget (GSB), considering that both the GDP growth path and the inflation forecasts are feasible, although there are significant downside risks in the former. The purpose of this report is to verify that the budgetary scenario is based ... Read more

    Cristina Herrero receives the highest distinction to merit in the Economy Service 2022 granted by the General Council of Economists

    CRISTINA HERRERO RECIBE EL PREMIO GRAN CRUZ AL MÉRITO EN EL SERVICIO DE LA ECONOMÍA 2022 QUE OTORGA EL CONSEJO GENERAL DE ECONOMSITAS
    The President states that AIReF is a much-needed institution and she intends to establish its durability and usefulness for society, as well as to strengthen the institution's independence, transparency and accountability The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today received the “Grand Cross of Merit in Service to the Economy”, ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of Extremadura

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Extremadura. The macroeconomic picture of this autonomous community is framed in a context of enormous uncertainty and the materialization of numerous macroeconomic risks about which AIReF has been warning in previous reports. According to the Law that created ... Read more