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    AIReF English

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

    AIReF endorses the government’s macroeconomic forecasts, but warns of significant downside risks

    Carpetas de AIReF
    AIReF notes that the Government's nominal growth estimate is in the central range of the probability intervals of its scenario. However, it perceives downside risks in the real growth forecast by the Government for 2023, of 2.1%, compared with the 1.5% estimated by AIReF Among the risks, it points to the deterioration of the advanced ... Read more

    Cristina Herrero receives the highest distinction to merit in the Economy Service 2022 granted by the General Council of Economists

    CRISTINA HERRERO RECIBE EL PREMIO GRAN CRUZ AL MÉRITO EN EL SERVICIO DE LA ECONOMÍA 2022 QUE OTORGA EL CONSEJO GENERAL DE ECONOMSITAS
    The President states that AIReF is a much-needed institution and she intends to establish its durability and usefulness for society, as well as to strengthen the institution's independence, transparency and accountability The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, today received the “Grand Cross of Merit in Service to the Economy”, ... Read more

    “The risks that we perceived a few months ago are materializing”, says Cristina Herrero

    Cristina Herrero en el Colegio de Economistas de Valladolid, Palencia y Zamora
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated on Tuesday in the inauguration of the new governing board of the Association of Economists of Valladolid, Palencia and Zamora and stated that the risks that were perceived a few months ago on the national and, above all, international stage are now ... Read more

    AIReF expands MIPred information to promote transparency

      It has started to publish the evolution of MIPred in excel format as the indicators are incorporated into the model The Independent Authority for Fiscal Responsibility (AIReF) has expanded the information offered by its model for forecasting the evolution of Gross Domestic Product (GDP) in real time (MIPred), with the aim of promoting transparency ... Read more

    AIReF endorses the macroeconomic forecasts of Navarra for 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Navarre. However, it considers that the forecast scenario proposed by the region for 2022 might be optimistic, despite the favourable performance of the first half of the year. According to the Law on the Establishment of AIReF, the ... Read more

    AIReF updates the Local Authorities Observatory

    Observatorio CCLL
    The Independent Authority for Fiscal Responsibility (AIReF) has updated the Local Government Monitor on its website with data on budgetary settlements for 2021, the initial budgets for 2022 and the outstanding debt at the end of 2021. In addition, it has included the average period of payment to suppliers corresponding to the month of May ... Read more

    AIReF considers that in 2023 the exceptional circumstances to keep the escape clause active are still met

    Carpetas de AIReF
      The Independent Authority for Fiscal Responsibility (AIReF) states that the energy crisis and uncertainty over the war in Ukraine are exceptional circumstances that justify maintaining the escape clause active In addition, inflation is leading to a tightening of financing conditions and the coronavirus remains a conditioning factor for the economy AIReF's most recent estimates ... Read more

    AIReF publishes the follow-up of the recommendations made in the second quarter

    Sede de la AIReF
    AIReF made 11 recommendations, 6 new, 1 repeated and 4 live recommendations aimed at budgetary stability and strengthening the transparency of public accounts The Independent Authority for Fiscal Responsibility (AIReF) today published on its website the follow-up to the recommendations made in the second quarter of the year, in which it issued the Report on ... Read more