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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 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

    AIReF recommends eleven Local Governments to analyse the increases in expenditure since 2019 and avoid further increases without permanent financing

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility notes that the average growth in computable expenditure in 2022 was more than 9%, a figure that is unprecedented and follows an increase of more than 7% in 2021 Between 2019 and 2022, the period in which the fiscal rules have been suspended, the eligible expenditure of large local ... Read more

    Four Autonomous Regions will close 2023 with a deficit above the benchmark of 0.3% of GDP set for the sub-sector

    The Independent Authority for Fiscal Responsibility (AIReF) today published on its website the individual reports on the Initial Budgets of the Autonomous Regions (AR) for the year 2023. For the sub-sector as a whole, the institution estimates a deficit of 0.3% in 2023, similar to the benchmark set for the ARs by the Government and ... Read more

    AIReF participates in the European Commission’s technical assistance to Poland to implement public expenditure assessments

    The Independent Authority for Fiscal Responsibility (AIReF) today received a delegation from the Polish Ministry of Finance, accompanied by the European Commission, to advise them on the implementation of spending review studies or Spending Reviews. To implement these projects, the Polish Ministry is supported by the Technical Support Instruments (TSI) managed by the European Commission's ... Read more

    Cristina Herrero participates in a colloquium on fiscal rules organised by Fundación Alternativas

    Cristina Herrero en la Fundación Alternativas
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in a colloquium on EU fiscal rules organised by Fundación Alternativas, where views were exchanged on the new EU fiscal framework proposed by the European Commission. Cristina Herrero explained that although the proposal points towards a more flexible framework insofar ... Read more