The Independent Authority for Fiscal Responsibility (AIReF) has the legal mandate to report every year on the budget execution, public debt and expenditure rule of the different Public Administrations (PAs). This report is complementary to the one published last July 6 and includes the individualized assessment of the main fiscal indicators that make it possible to anticipate the expected 2023 closure of the 24 large Local Entities monitored by AIReF, as well as the sustainability assessment of the local councils in which AIReF detected medium-term risks at the start of the current budget cycle.
The Local Entities will close the 2023 financial year with a situation close to balance, as opposed to the surplus of 1% of GDP envisaged in the April Report.
