Madrid City Council receives authorization to issue public debt of up to 90 million euros
13 May 2026Effective: 06 May 202651 views
Who is affected:
Madrid City Council and Madrid citizens as municipal taxpayers
Summary
The Government authorizes Madrid City Council to incur debt of up to 90 million euros through public debt issuance. This financial operation is supervised by the Ministry of Finance.
Detailed analysis
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The Directorate General for Budgetary Stability and Territorial Financial Management has granted Madrid City Council authorization to issue public debt for a maximum amount of 90 million euros. This authorization is mandatory in accordance with budgetary stability and financial sustainability regulations that require l…
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