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    AIReF English

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

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

    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

    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”

    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”

    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

    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

    AIReF warns that debt will start on an upward path from 2025 if the structural deficit of 4% is not reduced

    Press conference APE 2022-2025
    The Independent Authority for Fiscal Responsibility considers that the Stability Programme sets out feasible scenarios on both the macroeconomic and fiscal side, but identifies vulnerabilities and asserts that it is still not a true medium-term fiscal strategy The structural deficit will stand at around 4% in 2025, 0.6 points above the pre-pandemic level The margin ... Read more

    AIReF publishes the first quarterly estimate of the composition of national GDP by region

    Tasa interanual Metcap primer trimestre 2022
      The Independent Authority for Fiscal Responsibility (AIReF) today published the estimate of the GDP of the Autonomous Regions (ARs) for the first quarter of 2022 using the METCAP methodology (Methodology for Quarterly Estimation of GDP by Autonomous Region), which was created by the Institution. METCAP provides the first freely-accessible estimate in Spain that offers ... Read more

    AIReF endorses the government’s macroeconomic scenario, but warns of downside risks due to the economic context

    Aval previsiones macro 2022
      The Independent Authority for Fiscal Responsibility considers that the Stability Programme sets out feasible scenarios on both the macroeconomic and fiscal side, but identifies vulnerabilities and asserts that it is still not a true medium-term fiscal strategy The structural deficit will stand at around 4% in 2025, 0.6 points above the pre-pandemic level The ... Read more

    Cristina Herrero highlights the serious commitment that the Autonomous Regions are showing to evaluation

    Cristina Herrero, presidenta de la AIReF en el Foro Económico del Norte de Castilla
    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in the “El Norte de Castilla” Economic Forum and highlighted the serious commitment that the Autonomous Regions are showing to evaluation, as they are entrusting the institution with the analysis of critical policies, such as healthcare and active employment policies, thus ... Read more

    AIReF incorporates a new Tax Agency indicator into its MIPred forecasting model

    Carpetas de AIReF
    The quarter-on-quarter estimate for the first quarter of 2022 is reduced to 0.9%, implying a year-on-year rate of 7% The Independent Authority for Fiscal Responsibility (AIReF) has added a new indicator to its MIPred forecasting model with the aim of maximising the use of data to reduce the delay in the availability of information for ... Read more