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    AIReF English

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

    Cristina Herrero points out that public finances are now operating in a new economic and institutional context that must begin to be internalised

    Cristina Herrero foro fiscalidad Esade
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today closed the 3rd EsadeEcPol Taxation Forum, which focused on the sustainability of public debt. She stressed that the reform of the Stability and Growth Pact (SGP) represents an opportunity to tackle debt reduction from a comprehensive perspective and with a view to ... Read more

    Cristina Herrero analyses the Spanish budgetary situation and economic outlook at a Funcas workshop

    Cristina Herrero en Funcas
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today reviewed the situation and outlook for the Spanish economy at a workshop organised by the Fundación de Cajas de Ahorros (Funcas) [Spanish Foundation of Savings Banks], which was also attended by the Director of Economic Outlook at Funcas, Raymond Torres; the professor ... Read more

    Cristina Herrero takes part, together with the President of the OBR, in an economic debate organised by the British Embassy

    Embajada Reino Unido Madrid
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in an economic debate at the UK Ambassador's residence in Madrid, together with Richard Hughes, president of the Office for Budget Responsibility (OBR), the UK's Independent Fiscal Institution. The meeting addressed the importance of fiscal institutions in the current economic ... Read more

    AIReF endorses the Government’s macroeconomic scenario for 2024 and 2025

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorsed the scenario and sent the Report to the Government on April 26th The Government's scenario assumes real GDP growth of 2% in 2024 and 1.9% in 2025, identical figures to those published by AIReF With the entry into force of the new fiscal framework on April 30th, ... Read more

    Endorsement of the Government’s macroeconomic forecasts 2024-2025

    The Independent Authority for Fiscal Responsibility (AIReF) received a request from the Government for a report on the macroeconomic forecasts that would accompany the 2024-2025 Stability Program. AIReF endorsed the scenario and sent the report to the Government on April 26. With the entry into force of the new European fiscal governance framework on April ... Read more

    AIReF publishes first quarter estimate of composition national GDP by Autonomous Regions

    METCAP 1T 2024
    The Independent Authority for Fiscal Responsibility (AIReF) today published the estimate of the GDP of the Autonomous Regions (ARs) for the first quarter of 2024 using the METCAP methodology (Methodology for Quarterly Estimation of GDP by Autonomous Region), which was created by the institution. METCAP provides the first freely-accessible estimate in Spain that offers these ... Read more

    AIReF develops a monitor tool of the Recovery, Transformation and Resilience Plan

    Vídeo PRTR
    ACCESS TO THE RTRP OBSERVATORY The Independent Authority for Fiscal Responsibility (AIReF) creates an interactive tool to overcome existing information limitations and incorporate the impact of the Recovery, Transformation and Resilience Plan (RTRP) into its supervisory work The tool focuses on formalised contracts and subsidies awarded up to March 31st, 2024, which amount to a ... Read more

    Cristina Herrero highlights the major institutional challenge that the fiscal-structural plan will imply

    Cristina Herrero en la Universidad de Cantabria
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in the annual festival of the Faculty of Economic and Business Studies of the University of Cantabria and highlighted the major institutional challenge involved in drawing up the fiscal-structural plan that Spain will have to submit in September in order ... Read more

    AIReF estimates that the Autonomous Regions will close 2024 with a deficit of 0.1% of GDP and sees a risk of all of them failing to comply with the expenditure rule

    Foto CCAA
    The Independent Authority for Fiscal Responsibility (AIReF) published the Report on the Initial Budgets of the General Government (GG) for 2024 and the individual reports of the Autonomous Regions (AR) on its website today. AIReF estimates that the sub-sector as a whole will close 2024 with a deficit of 0.1% of GDP and sees a ... Read more

    AIReF estimates a Local Government surplus of 0.1% and foresees a risk of non-compliance with the expenditure rule in 10 of the Local Governments analysed

    The Independent Authority for Fiscal Responsibility (AIReF) published the Report on the Initial Budgets of the General Government (GG) for 2024 today, which is accompanied by the individual reports on the Autonomous Regions (ARs) and the supplementary individual evaluation report on the Local Governments (LGs). In this supplementary report, AIReF performs an individual and group ... Read more