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    AIReF English

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

    AIReF estimates deficit will stand at around 3% of GDP in 2026 and debt will rise again from 2030 in absence of additional measures

    The Independent Authority for Fiscal Responsibility (AIReF) notes that the Stability Programme is framed within a transitional context towards new fiscal rules that make the sustainability analysis more important AIReF asserts that the design of the SPU aligns that of previous years and does not constitute an instrument for medium-term planning, despite recommendations from AIReF ... Read more

    Cristina Herrero gives a lecture at the CEF on its 45th anniversary

    Cristina Herrero CEF
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today gave a lecture at the Centre for Financial Studies (CEF) to coincide with the 45th anniversary of the establishment of the CEF-UDIMA Educational Group. During the lecture, Cristina Herrero reviewed the origins and characteristics of AIReF, a benchmark institution for fiscal policy. ... Read more

    Cristina Herrero closes the 30th Meeting on Public Economics at the University of Extremadura

    Clausura XXX EEP
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today closed the 30th Public Economics Meeting at the Faculty of Economics and Business Studies of the University of Extremadura. During her speech, she reviewed the new scenario opening up in 2024 for public finances, which requires a strategic vision focused on long-term ... Read more

    AIReF publishes the first quarter estimate of the composition by regions of national GDP

    Mapa Metcap 1T 2023
    The Independent Authority for Fiscal Responsibility (AIReF) today published the estimate of the GDP of the Autonomous Regions for the first quarter of 2023 using the methodology known as METCAP (Methodology for Quarterly Estimates of GDP by Autonomous Region), created by the Institution. METCAP provides the first open-access estimate in Spain that offers these data ... Read more

    AIReF endorses the macroeconomic scenario of the Stability Programme 2023-2026

    Aval previsiones Programa Estabilidad 2023-2026
    The Independent Authority for Fiscal Responsibility (AIReF) considers that both the GDP growth path and the inflation forecasts are feasible It notes that the endorsement has been made on the basis of information available up to 28 April and does not incorporate possible policy measures that may be contained in the Stability Programme Update To ... Read more

    Cristina Herrero closes the 2nd EsadeEcPol Taxation Forum

    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today closed the 2nd Taxation Forum organised by EsadeEcPol, which focused on environmental taxation and the energy transition. She highlighted the importance of climate change as a global challenge and the need to tackle it with a comprehensive and long-term vision, given the ... Read more

    AIReF receives the Independent Fiscal Institution of Brazil

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) received today a delegation from the Independent Fiscal Institution of Brazil and held several working sessions to explain to their Brazilian counterparts the peculiarities and the activity of the Spanish institution. In the first session, AIReF explained how the institution was set up in Spain under Organic Law ... Read more

    Cristina Herrero presents the APIE referent award to journalist Fernando González Urbaneja

    Cristina Herrero, Fernando Urbaneja y Juande Portillo
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today took part of the first edition of the journalism awards given by the Association of Economic Information Journalists (APIE). She presented the award in the category of Leading Journalist, awarded to the journalist Fernando González Urbaneja. The journalist Arturo Lopo received the ... Read more

    Cristina Herrero meets with Círculo Cívico de Opinión

    Cristina Herrero, presidenta de la AIReF
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, met today with members of the association Círculo Cívico de Opinión, with whom she shared AIReF's perception of the current economic and budgetary situation. Pending the review to be carried out on the occasion of the report on the Stability Programme Update in ... Read more

    AIReF updates Debt Observatory following closure of the ratio at 113.2% of GDP in 2022

    Imagen Observatorio Deuda abril 2023
    The Independent Authority for Fiscal Responsibility notes that debt fell by 5 points of GDP last year and shows a clear path of reduction from the peak of 125.7% reached in the first quarter of 2021. In the short term, AIReF projects a further decline in debt in 2023, which would bring the ratio to ... Read more