As in previous years, the Independent Authority for Fiscal Responsability (AIReF) has been obliged to postpone the publication of the Stability Programme Update Report as the information needed to produce it, has not yet been received. AIReF will likely publish the Report the week of May 10th, provided it has the necessary information.
Article 16 of the Organic Law on the establishment of the AIReF requires the preparation of the Report on the draft Stability Programme by April 15 of each year, with a special assessment of the commitments that guarantee the fulfilment of the objective of budgetary stability, the public debt limit, and the spending rule. The law also provides to produce such a report in the event that the Government makes changes to the objective of budgetary stability, the debt limit and the expenditure rule affecting the stability programme.
