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    AIReF English

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

    Spending Review 2018-2021

    Spending Review 2018-2021 The Spending Review 2018-2021 is the first assignment given by the Government to AIReF. The project was conferred a multi-year nature, with a duration of three years. The results of the first phase were presented in June 2019. The results of the second phase were presented between July and October 2020. The … 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 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