Local Authority borrowing decisions are a matter for the individual local authority and Scottish Ministers have no locus or powers to intervene.Local authorities are required by statute to ensure effective and prudent management of their resources, to deliver best value to local residents and to have regard to the CIPFA Prudential and Treasury Management codes of practice which require a local authority to ensure that all borrowing is prudent, affordable and sustainable.In having regard to the Prudential and Treasury Management codes of practice, local authorities are expected to develop and publish an annual integrated borrowing and treasury management strategy.