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    AIReF English

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

    AIReF endorses the government’s macroeconomic forecasts, but warns of significant downside risks

    Carpetas de AIReF
    AIReF notes that the Government's nominal growth estimate is in the central range of the probability intervals of its scenario. However, it perceives downside risks in the real growth forecast by the Government for 2023, of 2.1%, compared with the 1.5% estimated by AIReF Among the risks, it points to the deterioration of the advanced ... Read more

    Endorsement of the macroeconomic forecasts of the General State Budget for 2023

    The Independent Authority for Fiscal Responsibility (AIReF) endorses the macroeconomic scenario that accompanies the 2023 General State Budget (GSB), considering that both the GDP growth path and the inflation forecasts are feasible, although there are significant downside risks in the former. The purpose of this report is to verify that the budgetary scenario is based ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of Extremadura

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Extremadura. The macroeconomic picture of this autonomous community is framed in a context of enormous uncertainty and the materialization of numerous macroeconomic risks about which AIReF has been warning in previous reports. According to the Law that created ... Read more

    Report on the macroeconomic forecasts of the 2023 Budget of Castilla-La Mancha

    The Independent Authority for Fiscal Responsibility (AIReF) endorses and considers feasible the forecasts for 2023 presented by Castilla-La Mancha. The macroeconomic picture of this autonomous community is framed in a context of enormous uncertainty and the materialization of numerous macroeconomic risks about which AIReF has been warning in previous reports. According to the Law that ... Read more

    AIReF expands MIPred information to promote transparency

      It has started to publish the evolution of MIPred in excel format as the indicators are incorporated into the model The Independent Authority for Fiscal Responsibility (AIReF) has expanded the information offered by its model for forecasting the evolution of Gross Domestic Product (GDP) in real time (MIPred), with the aim of promoting transparency ... Read more

    AIReF updates the Local Authorities Observatory

    Observatorio CCLL
    The Independent Authority for Fiscal Responsibility (AIReF) has updated the Local Government Monitor on its website with data on budgetary settlements for 2021, the initial budgets for 2022 and the outstanding debt at the end of 2021. In addition, it has included the average period of payment to suppliers corresponding to the month of May ... Read more

    AIReF considers that in 2023 the exceptional circumstances to keep the escape clause active are still met

    Carpetas de AIReF
      The Independent Authority for Fiscal Responsibility (AIReF) states that the energy crisis and uncertainty over the war in Ukraine are exceptional circumstances that justify maintaining the escape clause active In addition, inflation is leading to a tightening of financing conditions and the coronavirus remains a conditioning factor for the economy AIReF's most recent estimates ... Read more

    Recommendations second quarter 2022

    The Independent Authority for Fiscal Responsibility (AIReF) publishes the follow-up of the recommendations made in the second quarter of the year, in which it issued the Report on the Initial Budgets of the Public Administrations (AAPP) for 2022, completed at territorial level with the issuance of the Individual Reports for the Autonomous Communities (CCAA) and ... Read more