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The General Secretariat of the Treasury and International Financing has updated Annex 1 of the Resolution of 4 July 2017 (BOE-A-2017-7814). This update modifies the technical criteria defining the principle of financial prudence applicable to the borrowing and derivative operations of regional and local public administrations.
For Autonomous Communities and Local Authorities, this resolution redefines the technical parameters they must observe in their debt and derivative operations to comply with the principle of financial prudence. The change directly affects the management of their indebtedness and their capacity to contract financial derivative instruments under the newly updated criteria.
The tax team reviews your specific situation.
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