NEWS

The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, has written an editorial in the newspaper El País in which she discusses the future reform of the European fiscal framework and the role of Independent Fiscal Institutions (IFIs), key pieces of European fiscal coordination. After reviewing the creation of the Stability and ... Read more

The Monitor Tool provides information on the performance of each AR in relation to fiscal rules, including details of revenue and expenditure, macroeconomic variables such as GDP and employment, and AIReF's forecasts It allows for in-depth analysis of a single AR, as well as comparisons between several ARs or the entire sub-sector for all variables ... Read more

AIReF points out the risks for sustainability, which include a scenario of stagflation in the European Union, an upturn in interest rates, the increase in contingent liabilities through the Guarantee Lines and the expected increase in healthcare spending and pension spending as a result of the ageing population In the Debt Monitor, AIReF sets out ... Read more

In 2021, the institution published the reports linked to the budget cycle, participated in the debate on the future of fiscal rules, created the Public Spending Evaluation Division and a new Advisory Board, among other actions The Independent Authority for Fiscal Responsibility (AIReF) today published on its website the Annual Report for 2021, a document ... Read more

The President of AIReF, Cristina Herrero, highlights the importance of evaluation for improving the quality of public finances, transparency and democratic quality The evaluation function is a medium-term commitment of the institution that has been made possible thanks to the European impetus and which has been implemented through the creation of AIReF’s new Evaluation Division, ... Read more

The Independent Authority for Fiscal Responsibility will continue its in-depth fiscal supervision and oversee the sustainability of public finances with a long-term vision It will make public policy evaluation one of the institution’s core activities and it will strengthen the principles of independence, transparency and accountability  AIReF will publish the mandatory reports on the budget ... Read more

Only available in Spanish.