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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 and derivative operations for autonomous communities and local authorities (ref. BOE index).
For public administrations (Autonomous Communities and Local Authorities), the resolution redefines the technical criteria for managing public debt and derivative operations. This directly affects borrowing capacity and the supervision of financial prudence in their financial operations (ref. BOE index).
The tax team reviews your specific situation.
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