 The first was established in the Netherlands in 1947, followed by Denmark, Germany, US, Belgium, Austria, Korea, Sweden and Canada.The creation of such an authority in Spain formed part of the Spanish Strategy for Economic Policy, approved by the Spanish Council of Ministers in September 2012, with the intention of ensuring compliance with legal requirements on budgetary stability.On 14 November 2013, the Government of Spain published Organic Law 6/2013, creating the Independent Authority of Spanish Fiscal Responsibility (AIReF).