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The General Secretariat of the Treasury and International Financing is updating Annex 1 of the Resolution of 4 July 2017. This amendment affects the technical parameters defining the principle of financial prudence applicable to the borrowing and derivative operations of autonomous communities and local authorities (ref. BOE index).
For public administrations (Autonomous Communities and Local Authorities), the resolution modifies the technical control criteria regarding their borrowing capacity and the use of derivative instruments. This involves an update to the financial supervision parameters they must observe in their financing operations (ref. BOE index).
The tax team reviews your specific situation.
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