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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 criteria defining the principle of financial prudence applicable to borrowing and derivative operations carried out by autonomous communities and local authorities.
For public administrations (autonomous communities and local authorities), the resolution redefines the control parameters for their debt and financial derivative operations. This directly affects their financing management and compliance with the financial prudence limits established by the Treasury.
The tax team reviews your specific situation.
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