The Advisory Board of the Independent Authority for Fiscal Responsibility (AIReF) met on Tuesday to analyse the institution’s main actions in the first half of 2024, including the publication of the Opinion on the reform of European fiscal governance. The results of the third Opinion on the Minimum Income Scheme (MIS) that AIReF plans to publish this week were also discussed.
AIReF also discussed a Technical Paper on the determinants of total factor productivity on which it works with the Advisory Board and technical assistance from the Commission to perform an external evaluation.
The Board, which meets in plenary sessions at least twice a year, is made up of the President of AIReF, the Steering Committee – made up of the directors of the Divisions – and the ten experts appointed as Board members, professionals of recognised national and international prestige in budgetary, economic and financial analysis and policy evaluation. These experts are Javier Andrés, Rafael Bengoa, Samuel Bentolila, Antonio Cabrales, Olga Cantó, Álvaro Escribano, Beatriz González, Eckhard Janeba, Francisco Pedraja and Eva Senra.
The Board is exclusively deliberative in nature and provides technical advice on matters that the President submits for consultation directly related to the financial year in which AIReF is legally entrusted with its powers and of particular importance to the institution. It is an eminently technical board, without excluding the possibility of seeking strategic advice.
The members of the Board are appointed from among professionals of recognised prestige for a period of two years, renewable for successive terms. They act with full independence and autonomy in the financial year and may request any information they deem necessary. In addition to the plenary sessions, the Board members maintain an ongoing dialogue with AIReF on the lines of analysis, tools and methodologies that are the subject of commonly-defined advice.
