The Independent Authority for Fiscal Responsibility (AIReF) has expressed its disagreement with the government's spending increase in 2024, which was 14.5%, while the Ministry of Finance's spending rule set a maximum of 2.6% last year—a deviation of 11.9 percentage points. This is the fourth time the islands have failed to meet this budget stability target since the current fiscal rules were implemented—the previous breaches were in 2014, 2015, and 2018. Furthermore, AIRef points out the impact that the government's tax cuts have had on the spending rule. In fact, the government has reduced taxes worth more than €500 million since the beginning of its term (according to AIReF data, €51 million were lost in 2024 from wealth tax alone), according to Prime Minister Marga Prohens.