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    AIReF English

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

    Report on the concurrence of the exceptional circumstances referred to in article 11.3 of Organic Law 2/2012, of April 27, 2012, on budgetary stability and financial sustainability

    Last July 26, the Ministry of Finance and Public Function requested AIReF to issue the report provided for in article 22 of Organic Law 6/2013 on the creation of AIReF, whereby this institution is attributed the obligation to report on the concurrence of the exceptional circumstances referred to in article 11.3 of the LOEPSF prior ... Read more

    Report on Budgetary Execution, Public Debt and the Expenditure Rule of General Government 2022

    The Independent Authority for Fiscal Responsibility, AAI (AIReF) has the legal mandate to report on the budgetary execution, public debt and expenditure rule in 2022 of the General Government (GG). Along with this report, AIReF also publishes the individual reports on each Autonomous Region and the supplementary report on the Local Governments (LGs). As the ... Read more

    AIReF postpones the release of the Stability Programme Update Report due to lack of information

    Sede de la AIReF
    As in previous years, the Independent Authority for Fiscal Responsability (AIReF) has been obliged to postpone the publication of the Stability Programme Update Report as the information needed to produce it, has not yet been received. AIReF will likely publish the Report the week of May 10th, provided it has the necessary information. Article 16 ... Read more

    Report on the aplication of the correction mechanisms provided in the 2/2012 organic law, April 27th, of the budget stability and financial sustainability by autonomous comunities

    access to the report on the aplication of the correction mechanisms provided in the 2/2012 organic law, April 27th, of the budget stability and financial sustainability by autonomous comunities

    Report on the Macroeconomic Forecasts of the Draft General State Budget for 2018

    AIReF Summary
    The Independent Authority for Fiscal Responsibility (AIReF) endorses the forecasts of the Government's macroeconomic scenario, according to the Report published below. AIReF considers that "the Government's macroeconomic scenario accompanying the Draft 2018 General State Budget is prudent as a whole". On the domestic front, it states, "the worst scenarios that could be glimpsed in October ... Read more

    Working paper 1/2018. Some Unpleasant Labor Arithmetics: A tale of the Spanish 2012 Labor Market Reform

    The 2008 economic and financial crisis and its posterior EU banking and sovereign debt dimensions highlighted some unresolved structural issues in the Spanish labor market, exacerbating unemployment issues. Duality between permanent and temporary workers, excessive rigidities in wage setting and collective bargaining arrangements and extreme volatility, particularly in employment, stand amongst the most commonly cited … Read more

    Report on the Macroeconomic Forecasts for the 2018 Budget of the Autonomous Regions

    Gráfico sobre las previsiones de crecimiento del PIB real.

    Access to the Report on the Macroeconomic Forecasts for the 2018 Budget of the Autonomous Regions