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    AIReF English

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

    AIReF updates Debt Observatory following closure of the ratio at 113.2% of GDP in 2022

    Imagen Observatorio Deuda abril 2023
    The Independent Authority for Fiscal Responsibility notes that debt fell by 5 points of GDP last year and shows a clear path of reduction from the peak of 125.7% reached in the first quarter of 2021. In the short term, AIReF projects a further decline in debt in 2023, which would bring the ratio to ... Read more

    AIReF participates in the European Commission’s technical assistance to Poland to implement public expenditure assessments

    The Independent Authority for Fiscal Responsibility (AIReF) today received a delegation from the Polish Ministry of Finance, accompanied by the European Commission, to advise them on the implementation of spending review studies or Spending Reviews. To implement these projects, the Polish Ministry is supported by the Technical Support Instruments (TSI) managed by the European Commission's ... Read more

    Cristina Herrero participates in a colloquium on fiscal rules organised by Fundación Alternativas

    Cristina Herrero en la Fundación Alternativas
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, took part today in a colloquium on EU fiscal rules organised by Fundación Alternativas, where views were exchanged on the new EU fiscal framework proposed by the European Commission. Cristina Herrero explained that although the proposal points towards a more flexible framework insofar ... Read more

    Cristina Herrero highlights the key role of public policy evaluation at AIReF

    Cristina Herrero Jornada Evaluación KPMG 3.pdf
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, participated today in a conference on Evaluation organised by KPMG, where she highlighted the role played by public policy evaluation at AIReF, which has become a fundamental pillar of the institution. During her speech, the president reviewed the evolution of AIReF's evaluation activity ... Read more

    Cristina Herrero reaffirms AIReF’s commitment to improving access to data

    AIReF APIE 2
    The president of the Independent Authority for Fiscal Responsibility (AIReF) today closed the workshop given by the Association of Economic Information Journalists (APIE) and AIReF on database access and management in which she reaffirmed AIReF's commitment to information transparency and access to data. The workshop, organised at AIReF's headquarters, was opened by the economic journalist ... Read more

    Methodology of health, education and long-term care models

    This technical document develops the methodologies used to forecast the ratio of spending on health, education and long-term care to GDP in Spain for the 2070 horizon used in the Opinion on the long-term sustainability of Public Administrations: the incidence of demographics. The document develops three different methodologies: the long-term health expenditure estimation methodology, the ... Read more

    The impact of pension system reforms between 2021 and 2023

    Law 21/2021 on the guarantee of the purchasing power of pensions and other measures to reinforce the financial and social sustainability of the public pension system modified the system of rewards and punishments in force to date, established the revaluation of pensions with the CPI and repealed the sustainability factor. AIReF has assessed the impact ... Read more

    Population projections 2022-2070

    AIReF developed in 2018 various tools for the projection of pension spending, including models and tools to estimate the expected evolution of demographic phenomena -fertility, mortality and net immigration- with the purpose of projecting the total population by cohorts. On the occasion of the new population projections d for the Opinion on Long-term Sustainability in ... Read more

    AIReF warns of the high pressure of an ageing population on public finances and calls for a comprehensive perspective for their sustainability

    EXECUTIVE SUMMARY OF THE OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS. PRESENTATION OF THE OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS PRESS RELEASE OF THE OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: THE IMPACT OF DEMOGRAPHICS OPINION ON THE LONG-TERM SUSTAINABILITY OF PUBLIC ADMINISTRATIONS: ... Read more

    AIReF renews the 9 members of its Advisory Board and incorporates an expert in management and public health

    Advisory Board
    The president of the Independent Authority for Fiscal Responsibility (AIReF), Cristina Herrero, has renewed the nine members of the institution's Advisory Council from March 2021 and has added Rafael Bengoa, a doctor in Management and Public Health. He will give special support to the new assessments in health human resources management and strategy that AIReF ... Read more