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The General Secretariat of the Treasury and International Financing has updated Annex 1 of the Resolution of 4 July 2017. This update modifies the technical parameters defining the principle of financial prudence applicable to borrowing operations and derivatives for autonomous communities and local authorities (ref. BOE index).
For public administrations (Autonomous Communities and Local Authorities), the regulation redefines the limits and technical criteria for contracting debt and derivative products. This directly affects their financial management capacity and compliance with the prudence standards required by the Treasury (ref. BOE index).
The tax team reviews your specific situation.
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