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    AIReF English

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

    AIReF proposes changes in the deduction for RD&I to improve its efficiency and transparency

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    The Independent Authority for Fiscal Responsibility concludes that the incentive encourages investment in RD&I, but notes the wide gap between the incentive’s potential and its actual effectiveness  It proposes setting up a quick and semi-automatic RD&I accreditation mechanism for companies whose RD&I investment does not exceed a certain threshold  It also suggests removing some of ... Read more

    AIReF recommends improving infrastructure investment selection to raise social and economic impact and meet mobility needs

    RUEDA DE PRENSA EN AIREF
    Video of the Transport Infraestructures Study of the second phase of Spending Review The institution states that Spain has made enormous investments, leading to noticeable population mobility improvements It claims that infrastructure planning has been highly ambitious, without prioritising actions and without tying plans to the budget process and the economic situation It identifies widespread ... Read more

    AIReF highlights the opportunity cost of fiscal benefits and the importance of guaranteeing their effectiveness

    Rueda de Prensa en AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) plans to review some of the 13 fiscal benefits analysed It suggests contextualising any changes to the fiscal benefits within the strategic planning of the public policies to which they relate, evaluating their effects ex-ante and their fulfilment ex-post  Reforms carried out in the last decade in relation ... Read more

    AIReF recommends activating the escape clause, establishing a medium-term fiscal strategy, and implementing the proposals of the Spending Review

    Rueda de Prensa en AIReF
      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