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    AIReF English

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

    AIReF ranks as the most transparent institution in Spain among all regulators and supervisors

    Cristina Herrero, presidenta de la AIReF
    It achieves 100% compliance in terms of transparency, according to the Transparency and Good Governance Council index The Independent Authority for Fiscal Responsibility, AAI (AIReF) is the most transparent public body as it has achieved 100% compliance in the Transparency and Good Governance Council index. The Council has published its 2022 evaluation report on compliance ... Read more

    AIReF estimates that nine Autonomous Regions will close 2022 with a deficit below the reference rate of -0.6%

    Sede de la AIReF
    The Independent Authority for Fiscal Responsibility (AIReF) published on Thursday 7th April the Report on the Initial Budgets of the General Government (GG) for 2022 and the individual reports of each Autonomous Region (AR), in which it estimates that nine ARs will close 2022 with a deficit below the reference rate of -0.6%. For the ... Read more

    AIReF lowers the forecast for 2022 GDP by two points, to 4,3%, and reduces the deficit estimate by 0.6 points, to 4.2% of GDP

    The Independent Authority for Fiscal Responsibility updates its forecasts to take into account the impact of the energy crisis and production supply problems, which have been amplified by the war in Ukraine The institution reduces growth by two points compared with the last report due to the succession of supply shocks Expected inflation for 2022 ... Read more

    AIReF, the Tax Agency and the Social Security signed an agreement to regulate access to data necessary for the assessment of the Minimun Vital Income

    Carpetas de AIReF
    The Independent Authority for Fiscal Responsibility (AIReF), the Tax Agency and the National Social Security Institute (INSS) have signed an agreement that will allow the institution to access a comprehensive set of information, appropriately anonymised, which is essential for an accurate analysis of the efficiency and effectiveness of the Minimum Living Income (MLI). Specifically, AIReF ... Read more

    Cristina Herrero highlights the relevance of economic analysis in contexts of high uncertainty

    The President of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in the presentation of the extraordinary issue of “España 2021. Un balance” [Spain 2021. An overview] of the journal Economistas edited by the Association of Economists of Madrid. At the event, organised by the General Council of Economists and the ... Read more

    OP-ED piece by Cristina Herrero in ‘El País’: “Independent Fiscal Institutions are a key element in the European fiscal coordination”

    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

    Cristina Herrero: “Member states will have to optimise EU resources to confront international shocks

    Cristina Herrero Líderes en Directo, Consejo General de Economistas
    Subheading: AIReF's President believes a fiscal framework will need to be designed to meet new investment needs without jeopardising the sustainability of public finances The President of the Independent Authority for Fiscal Responsibility (AIReF) stated today that, given the succession of external shocks that dominate the international scene, the EU and its Member States face ... Read more

    AIReF publishes its first interactive observatory of Autonomous Regions with fiscal and macroeconomic data and forecasts

    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 updates the Debt Monitor after year-end 2021 and estimates that the ratio will fall to 113.8% in 2023

    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