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    AIReF English

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

    AIReF endorses macroeconomic forecast of Budgetary Plan but warns of downside risks

    Sede de la AIReF
    AIReF notes that the Government's nominal growth estimate is in the central range of the probability intervals of its scenario, albeit at the upper limit, which indicates downside risks Overall, AIReF sees the growth in domestic demand expected by the Government as optimistic, given the tightening of the financing conditions of the economy, the end ... Read more

    AIReF endorses macroeconomic forecast of the 2024 budget of Basque Country

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the Regional Accounts forecasts that accompany the 2024 draft budget of the Basque Country, which includes GDP growth estimates in volume terms and at current prices, along with estimates of its components in terms of supply and demand, the GDP deflator, and the employment and unemployment rate ... Read more

    AIReF publishes monitoring of recommendations for second quarter of 2023

    The Independent Authority for Fiscal Responsibility (AIReF) issued 11 recommendations aimed at placing the focus on medium-term orientation, strengthening budgetary stability and improving the transparency of public accounts AIReF’s recommendations are governed by the principle of “comply or explain” – the institution’s main tool to fulfil its mandate The Ministry of Finance and the Ministry ... Read more

    AIReF analyses recent evolution of public debt and sovereign markets following latest monetary policy decisions

    Imagen Observatorio de deuda septiembre 2023
    The Independent Authority for Fiscal Responsibility (AIReF) indicates that the debt ratio stood at 2% of GDP in the second quarter of 2023, 0.4 points lower than at the end of 2022 The recent revision of the GDP by the National Statistics Institute (INE) led to a reduction in the ratio of 1.8 points due ... Read more

    AIReF and Bank of Spain continue their collaboration on exchange of public sector information

    Carpetas de AIReF
    The two institutions have signed a new agreement, similar to the one signed in July 2017, which includes the exchange of information, continuous staff training plans and joint research projects The Independent Authority for Fiscal Responsibility, AAI (AIReF) and the Bank of Spain have signed a new four-year agreement to continue their collaboration on regular ... Read more

    Report on the macroeconomic forecasts of Castile-La Mancha’s Budget 2024

    This report assesses the forecasts accompanying the 2024 draft budget of Castile-La Mancha, which presents estimates of GDP growth, in volume terms and at current prices, and of employment in terms of employed persons from Regional Accounting for the period 2023-2026 different from the latest estimates of the macroeconomic scenario for the national set. Castile-La ... Read more

    AIReF endorses Castile-La Mancha’s macroeconomic forecast for 2024

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the Regional Accounts forecasts that accompany the 2024 draft budget of Castile-La Mancha, which includes GDP growth estimates in volume terms and at current prices, and employment estimates in terms of people in work for the period 2023-2026 that are different from the latest macroeconomic scenario estimates ... Read more

    Rubén Ruiz Campos

    Rubén Ruiz Campos Presidency Budget Analysis Economic Analysis Public Expenditure Evaluation Legal Affairs Analyst Rubén is responsible for the analysis and monitoring of Social Security revenue and expenditure. Luis holds a bachelor’s degree in Actuary and Financial Sciences, a bachelor’s degree in Economics and a bachelor’s degree in Business Administration from the University of Malaga. … Read more

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    Carlos Herrero García

    Carlos Herrero García Presidency Budget Analysis Economic Analysis Public Expenditure Evaluation Legal Affairs Head of Service Carlos monitors the economic situation, in particular the job market, prepares forecasts for the Spanish economy and analyses the macroeconomic impact of economic policy measures. Carlos holds a master’s degree in Economic Analysis from the University of Alcalá de … Read more

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    Treatment Activities Registrer

    Treatment Activities Registrer The Independent Authority for Fiscal Responsibility, AAI, (AIReF) publishes its Register of Processing Activities (RAT) in compliance with the information requirement introduced by the European Regulation 2016/679, on data protection, as well as Article 31.2 of the Organic Law 3/2018, of December 5, on the Protection of Personal Data and Guarantee of … Read more

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