AIReF recommends activating the escape clause, establishing a medium-term fiscal strategy, and implementing the proposals of the Spending Review
The Independent Authority for Fiscal Responsibility continues to use an analysis framework based on two alternative scenarios, which differ in their estimated drop in GDP in 2020, ranging from -10.1% to -12.4% in 2020 depending on the duration of the pandemic In budgetary matters, AIReF estimates a general government deficit of 11.9% in 2020, ... Read more