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    AIReF English

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

    Cristina Herrero appeared before the Budget Committee of the Senate

    The Institution revises its deficit forecast for 2021 to stand at 7.3% of GDP and maintains the 2022 forecast at 5% of GDP This revision follows the incorporation of new macroeconomic and budgetary information since publication of the last Report on October 25th Cristina Herrero described 2022 as a decisive year, marked by a high ... Read more

    AIReF organises a workshop with all the public authorities to explain its work and strengthen channels for cooperation

    The Independent Authority for Fiscal Responsibility (AIReF) today held the workshop “AIReF at the service of public authorities” with the aim of offering all the authorities a closer look at the institution’s work and to strength avenues for cooperation. It was attended by over 100 representatives from different tiers of government in face-to-face and virtual ... Read more

    AIReF endorses the macroeconomic forecasts for Asturias and Murcia for 2022

    The Independent Authority for Fiscal Responsibility (AIReF) endorses as prudent the macroeconomic forecasts for 2022 put forward by Asturias and Murcia. However, it considers that in both cases the growth estimates for 2021 are very unlikely, although acceptable within the current context of uncertainty. According to the Law on the Establishment of AIReF, the macroeconomic ... Read more

    AIReF has an impact on the sustainability risk analysis of Local Governments with problems

    The risk rating has been calculated on the basis of a combined analysis of the overall liability position and the ability to return to a sustainable situation in the medium term The City Councils of Sanlúcar de Barrameda and Isla Cristina are removed from AIReF's analysis as they have improved their sustainability situation The City ... Read more

    AIReF forecasts a surplus of 0.2 % for Local Governments in 2022, although it points to several uncertainties

    Sede AIReF
    The institution warns of the existence of significant uncertainties that might alter the result. These include the expenditure that is eventually executed in the year and the effect on revenue of the recent ruling on municipal capital gains tax Of the large LGs, 11 expect to obtain deficits in 2021, although AIReF reduces this number ... Read more

    AIReF endorses the macroeconomic forecasts of Madrid, Andalusia, Balearic Islands, Catalonia, Canary Islands and Castile and Leon

    Imagen de Archivo de Informes de AIReF
    It endorses the macroeconomic forecasts put forward by Madrid for 2022 as prudent and those for 2021 as very unlikely It endorses the macroeconomic forecasts put forward by Andalusia for 2022 as prudent and those for 2021 as very unlikely It endorses the macroeconomic forecasts put forward by the Balearic Islands for 2022 as very ... Read more