Investor Presentaiton
Coordination and supervision
of regional debt
Budgetary stability and debt objectives agreed in the
Coordinating Commission
The Coordinating Commission between
General Administration of Spain and Navarra, agrees on the
stability objectives (Art. 67 Economic Agreement)
Authorisation from Government of Navarra to formalize
debt operations
It is the responsibility of the Government of Navarra to approve
debt operations, provided that they have been authorized by a
Foral law
Authorisation from Council of Ministers to formalize debt
and operations outside the UE
If there is non-compliance with the objectives, all debt
operations will require authorization from the Council of
Ministers
Monthly information supply requirements envisaged in
the law
Before the fifteenth day of each month, autonomous
communities send to the Ministry of Finance details of the
obligations towards third parties and debt forecastsView entire presentation