AIREF maintains that GDP will grow by 6.6% in 2021 and worsens its deficit forecast for a tenth

The Independent Fiscal Responsibility Authority (AIREF) maintains that GDP will grow by 6.6% this year and that full-time equivalent employment will increase by

AIREF maintains that GDP will grow by 6.6% in 2021 and worsens its deficit forecast for a tenth

The Independent Fiscal Responsibility Authority (AIREF) maintains that GDP will grow by 6.6% this year and that full-time equivalent employment will increase by 4.6%, but it worsens a tenth public deficit forecast, up to 7, 9%

The President of Airof, Cristina Herrero, has explained that the non-existence or suspension of fiscal rules does not suppose the lack of fiscal supervision. In addition, she has reiterated her recommendation to elaborate a medium-term fiscal strategy that is "credible and realistic" and that integrates the macroeconomic and fiscal implications of the implementation of the investments foreseen in the recovery, transformation and resilience plan.

In that sense, its President has highlighted that it is necessary to establish a medium-term fiscal strategy "sufficiently flexible and wide" that covers the entire recovery plan period.

This is as a result of the report on the budget execution, public debt and ruler of expenditure 2020, where it is recalled that the airfire has a mandate to inform, before July 15, on compliance with the objectives of stability, debt and ruler of expenditure of the Exercise in progress.

However, the aero has highlighted that public indebtedness will be close to 112.4% of GDP, which "supposes a great vulnerability for public finances." The high level of debt and the foreseeable deterioration of the fiscal balance of the coming years They also place the sustainability of the autonomous communities in a position of greater vulnerability, "according to the text.

Herrero has been incident in that it is time to clarify all unknowns to give a little certainty and security to the fiscal framework of territorial administrations.

It has also indicated in information collected by Europe Press that there has been a "very intense" reactivation throughout the second quarter of the economy, based on minor restrictions on mobility and advances in vaccination.

However, as a counterpoint to the good evolution of economic indicators, the aero has pointed out that it is coupled signals around the recovery plan for 2021, for which "you might think about the information you have to have Observe a lower momentum ".

On the other hand, he has indicated that the rhythm of contagion in Spain as well as in other countries, but especially in the European Union, would lead to "a lower influx of international tourists facing summer, which puts in jaque Of the pillars that base the Spanish economy, "according to the institution.

Updated Date: 25 July 2021, 06:55

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