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    AIReF English

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

    AIReF publishes the first quarterly estimate of the composition of national GDP by Region

    Mipred PIB regional
    The METCAP methodology makes it possible to estimate the composition of quarterly national GDP by Regions. Today the Independent Authority for Fiscal Responsibility (AIReF) published the estimate of regional GDP for the first quarter of 2020 through the methodology called METCAP (Metodología de Estimación Trimestral por Comunidades Autónomas del PIB - Methodology for Quarterly Estimation ... Read more

    AIReF estimates a deficit of 10.9% GDP in 2020 but does not rule out the possibility of 13.8% in a more adverse scenario

    Cristina-Herrero-presenta-informe-APE-
    In its report on the Stabiility Programme Update (SPU), the Independent Authority for Fiscal Responsability (AIReF) has included two of its own macroeconomic and fiscal scenarios to respond to current circumstances In the most positive scenario, which is similar to that of the Stability Programme Update (SPU), the deficit would be 10.9% GDP in 2020. ... Read more

    AIReF endorses the Government’s macroeconomic scenario but warns of downside risks

    La sede de la AIReF
    AIReF's endorsement is a preliminary assessment limited to the draft macroeconomic scenario of the 2020-2021 Stability Programme. Following receipt of this Programme, AIReF will publish its report over the coming week, with detail of its own macroeconomic and budgetary scenarios The macroeconomic forecasts are considered feasible assuming the Government’s hypotheses on the duration and intensity ... Read more

    AIReF temporarily stops publishing MIPred and explores other alternatives for evaluating the economy in the short term

    Mipred
    The Independent Authority for Fiscal Responsibility (AIReF) has decided to temporarily stop publishing its forecast model for the evolution of Gross Domestic Product (GDP) in real time (MIPred) until the results are considered to be of sufficient quality to be useful to the general public. Likewise, in the same spirit of public service, AIReF will ... Read more

    The European Fiscal Monitor has published a special edition on the fiscal response of 25 EU member states and the United Kingdom in dealing with COVID-19

    Bruselas
    The EU Independent Fiscal Institutions Network (EU IFIs) has published a special edition of the European Fiscal Monitor on its website. The report brings together and enables comparison between the fiscal measures adopted by 25 EU member countries and the United Kingdom in response to the COVID-19 crisis. This first report reflects the situation at ... Read more

    AIReF will publish the Report on the Stability Programme Update in the week beginning 4th May

    Informes de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) will publish the Report on the Stability Programme Update (SPU) in the week of 4th-9th May. AIReF’s Organic Law establishes that the institution must prepare a report on the content of the SPU before 15th April each year. However, as in previous years, the institution has failed to ... Read more