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    AIReF English

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

    NEWS

    AIReF publish its first Opinion on the Minimun Living Income

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    The Independent Authority for Fiscal Responsibility concludes that the MLI has deployed only part of its potential, but has room to become a more powerful instrument in the fight against poverty It has reached 284,000 households with 56% of its budget, but could cover 700,000 households if fully implemented, with an annual cost of 2.8 ... Read more

    AIReF estimates that the Local Entities will maintain a surplus of 0.2% of GDP in 2022

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    The Independent Authority for Fiscal Responsibility (AIReF) published last Friday the Report on Budgetary Execution, Public Debt and the Expenditure Rule, in which it slightly corrected downwards the forecasts made in the report published in May for the local sub-sector, although it maintained a surplus of 0.2% of GDP at the end of 2022. It ... Read more

    AIReF worsens the forecast of the Autonomous Region (AR) deficit for 2022 by 0.2 points to 0.9% of GDP

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    The Independent Authority for Fiscal Responsibility (AIReF) published last Friday the Report on Budgetary Execution, Public Debt and the Expenditure Rule, in which it worsens the deficit forecast of the AR sub-sector in 2022 to 0.9% of GDP. AIReF thus estimates a greater deficit for the ARs than the Government (-0.8% of GDP) and 0.3 ... Read more

    AIReF raises its inflation forecast to 7.8% and states that it is having an impact on households

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      The Independent Authority for Fiscal Responsibility reduces the expected growth for 2022 by 0.1 points, to 4.2%, and raises its inflation forecast from 6.5% to 7.8% after verifying that the risks are materialising It notes that the intensity and persistence of inflation is having a major impact on households’ purchasing power, particularly lower income ... Read more

    AIReF updates the debt monitor and analyses the worsening financing conditions

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    Observatorio de deuda julio 2022
    High and persistent inflation in 2022 has led to a major shift in the monetary policy decisions of the main central banks and a deterioration in financing conditions The tightening of monetary policy is leading to sharp upturns in global sovereign debt yields This deterioration in financing conditions will eventually be transferred, albeit gradually, to ... Read more

    Cristina Herrero states that a comprehensive medium-term fiscal strategy would help manage the current uncertainty

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    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in the Fórum Europa, organised by Nueva Economía Fórum, and stated that designing a credible and realistic medium-term fiscal strategy, involving all levels, would help manage the current uncertainty. The President of AIReF said that the succession of shocks over the last … Read more

    Cristina Herrero states that evaluation will be fundamental in the future fiscal framework to ensure the quality of public finances

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    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, stated today that evaluation will be fundamental in the future fiscal framework for ensuring the quality of public finances. Sustainability, economic growth and quality finances, which will be at the heart of the future framework, will need evaluation to allow for evidence-based decision-making. … Read more

    Cristina Herrero: “The new measures will increase the deficit in 2022 by 0.5% of GDP”

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    presentación cristina herrero
    The President of AIReF insists that the Stability Programme offers the opportunity to define a medium-term fiscal strategy that will realistically and credibly ensure the financial sustainability of the General Government She reiterates that the Stability Programme's macroeconomic scenario is feasible, but that some risks are already materialising, and therefore AIReF will re-evaluate its forecasts ... Read more

    Cristina Herrero, “The need for a medium-term fiscal strategy also extends to the regional governments”

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    Cristina Herrero APD
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in a lunch-meeting organised by APD Zona Sur and stated that the need for a medium-term fiscal strategy also extends to the regional governments, which will have to design their own strategies to ensure the sustainability of public finances. During her ... Read more

    AIReF’s Advisory Board meets to analyse the institution’s main activities in 2022

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    consejo asesor
    The Advisory Board of the Independent Authority for Fiscal Responsibility (AIReF) met on Thursday to analyse the institution's main activities in 2022 and, in particular, the approach to the long-term scenario for the General Government that AIReF is preparing, as well as the analysis of the Minimum Living Income. Technical and methodological issues were discussed, ... Read more

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    Autoridad Independiente de Responsabilidad Fiscal (AIReF), AAI – José Abascal nº 2, 2ª planta 28003 Madrid / +34 91 010 08 95

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