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BOE-A-2026-10406 ·13 May 2026 ·Resolution Low impact
Tax

Madrid City Council authorised to issue up to €90,000,000 in public debt for investment

The Directorate General for Budgetary Stability has authorised the Madrid City Council to issue public debt up to a maximum amount of €90,000,000 to finance investments (Resolution of 6 May 2026). The authorisation was granted after verifying that the entity maintained positive net savings in the 2025 settlement and a debt level of 26.24% relative to settled current income (Art. 53 TRLRHL). The operation must comply with the principle of financial prudence and be recorded in the Local CIR.

In 3 key points

  1. Maximum public debt issuance limit of €90,000,000 for investment financing (Resolución de 6 de mayo de 2026)
  2. Debt level of 26.24% relative to settled current income (art. 53 TRLRHL)
  3. The authorisation is valid exclusively during the current calendar year (Resolución de 6 de mayo de 2026)

How it affects those involved

For the Madrid City Council, this resolution enables the procurement of resources for investment projects through the capital markets, provided that the cost of the operation does not exceed a spread of 50 basis points compared to State debt for average maturities of up to 10 years (Resolution of 4 July 2017). The authorisation is valid exclusively for the current calendar year. Failure to comply with cost limits or registration requirements in the Local CIR would invalidate the operation's compliance.

Lifecycle

2026-05-13PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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