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    AIReF English

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

    Opinion on the Budgetary Procedure

    The Independent Authority for Fiscal Responsibility (AIReF), since the beginning of its activity in 2014, has detected certain weaknesses in the General State Budget (PGE), both with respect to the information published and the procedure. These shortcomings have been aggravated in the draft 2023 PGE. Repeatedly, these weaknesses in the budgetary procedure have given rise ... Read more

    AIReF proposes a legal reform to strengthen the budget as an instrument of fiscal and economic policy

    Carpetas de AIReF
    AIReF has identified weaknesses since 2014, exacerbated in the 2023 General State Budget (GSB) with a lack of information on the measures to combat the crisis, significantly reducing their usefulness as a fiscal policy tool To address these shortcomings, AIReF proposes a series of measures to strengthen the GSB as a tool for fiscal and ... Read more

    AIReF warns of the high pressure of an ageing population on public finances and calls for a comprehensive perspective for their sustainability

    EXECUTIVE SUMMARY OF THE OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS. PRESENTATION OF THE OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS PRESS RELEASE OF THE OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: ... Read more

    AIReF prescriptive opinion on pension revaluation confirms that a 0.25% increase should be applied in 2017

    Una rueda de prensa en la AIReF.

    On the basis of its analysis, AIReF concludes that the minimum increase of 0.25% should be applied to contributory pensions in 2017, as stated in the Spanish General State Budget Law for 2017. AIReF has to issue an opinion on the figures used by the Spanish Ministry of Employment & Social Security to determine the … Read more

    Assessment of the 2015 Revalorisation Pension Index

    Opinión índice revalorización pensiones

    The 2015 revalorisation pension index stands below 0.25%, therefore the minimum increase is applicable. According to the provisions included in its Organic Law, AIReF has assessed the compliance of the 2015 State Draft Budget and Main budgetary lines of the Regional Governments to the budget stability, debt and expenditure rule objectives. AIRef considers that “the … Read more

    Compliance with Deficit and Debt Targets

    Compliance with Deficit and Debt Targets Executive Summary 1 There are risks of non-compliance with the public  debt threshold established for 2020. 2 The assessment of the General Government’s  (GG) compliance with the appropriate debt targets  must be performed at all levels comparing the  initially set target and the actual data observed,  both falling under … Read more