REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on implicit liabilities with potential impact on public budgets
Date: 2015-06-30
Institutions: European Commission
Subjects: EU statistics, European accounting system, data collection, economic analysis, economic statistics, financial statistics, national accounts, statistical method

EUROPEAN 
COMMISSION 

Brussels, 30.6.2015  
COM(2015) 314 final 

REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND 
THE COUNCIL 

on implicit liabilities with potential impact on public budgets 

EN 

   EN 

 
 
 
 
  
 
REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND 
THE COUNCIL 

on implicit liabilities with potential impact on public budgets 

TABLE OF CONTENTS 

1.  BACKGROUND ................................................................................................................................ 2 

2.  OVERVIEW OF THE EUROSTAT DATA COLLECTION IN THE CONTEXT OF COUNCIL DIRECTIVE 
2011/85/EU............................................................................................................................................. 3 

2.1.  Reporting in the context of Article 14(3) of Council Directive 2011/85/EU.......................... 3 

2.2. 

Timeliness ............................................................................................................................... 3 

2.3.  Description of indicators......................................................................................................... 4 

2.3.1. 

Government guarantees................................................................................................... 4 

2.3.2. 

Off-balance PPPs ............................................................................................................ 4 

2.3.3. 

Non-performing loans of General Government .............................................................. 4 

2.3.4. 
(public corporations)....................................................................................................................... 5 

Liabilities of government controlled entities classified outside general government 

3.  RESULTS OF THE EUROSTAT FIRST DATA COLLECTION ON CONTINGENT LIABILITIES............ 5 

3.1.  Completeness and coverage of data ........................................................................................ 5 

3.1.1. 

Government guarantees................................................................................................... 6 

3.1.2. 

Off-balance PPPs ............................................................................................................ 6 

3.1.3. 

Non-performing loans ..................................................................................................... 6 

3.1.4. 

Liabilities of government controlled entities classified outside general government ..... 6 

3.2.  Comparability of data.............................................................................................................. 7 

4.  OTHER EUROSTAT DATA COLLECTIONS ......................................................................................8 

4.1.  Government contingent liabilities towards the financial sector .............................................. 8 

4.2.  Other Eurostat data sources..................................................................................................... 8 

5.  CONCLUSIONS ................................................................................................................................8 

2 

 
 
 
1. 

BACKGROUND 

Article 11 of Regulation (EU) No 549/2013 of the European Parliament and of the 
Council of 21 May 2013 on the European system of national and regional accounts 
in  the  European  Union1  (ESA  2010)  requires  that  by  2014  the  Commission  shall 
submit  a  report  to  the  European  Parliament  and  to  the  Council  containing  existing 
information  on  public-private  partnerships  (PPPs)  and  other  implicit  liabilities, 
including contingent liabilities, outside government.2 

The liabilities are called contingent in the sense that they are by nature only potential 
and  not  actual  liabilities.  The  relevance  of  collecting  this  kind  of  information  is 
explicitly recognised by ESA2010, paragraph 5.11: "Although contingent assets and 
contingent liabilities are not recorded in the accounts, they are important for policy 
and  analysis,  and  information  on  them  needs  to  be  collected  and  presented  as 
supplementary data. Even though no payments may turn out to be due for contingent 
assets  and  contingent  liabilities,  a  high  level  of  contingencies  may  indicate  an 
undesirable  level  of  risk  on  the  part  of  those  units  offering  them".  It  should  be 
further  underlined that contingent liabilities are not part of the government debt as 
defined in Council Regulation (EC) No 479/2009 of 25 May 2009 on the application 
of the Protocol on the excessive deficit procedure annexed to the Treaty establishing 
the European Community3. 

This report provides an overview of the information available to Eurostat. It mainly 
focuses on the data on contingent liabilities collected by Eurostat in the context of 
the  reinforcement  of  the  EU  economic  governance  which  took  place  in  2011  (the 
'six-pack'), and in particular of Council Directive 2011/85/EU of 8 November 2011 
on requirements for budgetary frameworks of the Member States4. Article 14(3) of 
this Directive laid down new statistical requirements on the Member States: 

"For  all  sub-sectors  of  general  government,  Member  States  shall  publish  relevant 
information  on  contingent  liabilities  with  potentially  large  impacts  on  public 
budgets,  including  government  guarantees,  non-performing  loans,  and  liabilities 
stemming  from  the  operation  of  public  corporations,  including  the  extent  thereof. 
Member  States  shall  also  publish  information  on  the  participation  of  general 
government  in  the  capital  of  private  and  public  corporations  in  respect  of 
economically significant amounts". 

The  data  collected  in  the  context  of  the  above  mentioned  Directive  are  the  main 
source of information related to government contingent liabilities in Member States. 
In  addition,  other  Eurostat  data  collections  exist  (i.e.  Supplementary  table  for 
limited  and/or 
financial  crisis,  EDP  related  questionnaire,  etc.)  providing 
confidential  information  on  particular  types  of  contingent  liabilities.    The  scope  of 
information available from these sources will be also presented in this report. 

1 OJ L 174, 26.6.2013, p. 1. 
2 The report is compiled after the Regulation deadline in order to be able to include the relevant information on the results of 
the Eurostat first data collection on contingent liabilities that took place at the end of December 2014. 
3 OJ L 145, 10.6.2009, p. 1. 
4 OJ L 306, 23.11.2011, p. 41. 

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2. 

 OVERVIEW  OF  THE EUROSTAT  DATA  COLLECTION  IN  THE  CONTEXT  OF COUNCIL 
DIRECTIVE 2011/85/EU 

2.1. 

Reporting in the context of Article 14(3) of Council Directive 2011/85/EU 

In  order  to  assist  Member  States  in  the  implementation  of  the  new  statistical 
requirements of the Directive, Eurostat conducted a Task Force in co-operation with 
Member  States  and  DG  ECFIN5.  Its  final  report  provides,  inter  alia,  a  set  of 
templates  and  related  notes  indicating  the  methodology,  the  scope  of  compulsory 
information, the periodicity and the timeliness for national and Eurostat publication 
of data on contingent liabilities.  

liabilities, 

It  specifies  that  Eurostat  would  collect  and  publish  selected  indicators  related  to 
i.e.  government  guarantees,  off-balance  public-private 
contingent 
partnerships  (PPPs),  liabilities  of  government  controlled  entities  classified  outside 
general  government  (public  corporations)  and  non-performing  loans  (government 
assets).  The  Member  States  should  publish  the  same  indicators  at  a  national  level 
and,  in  addition,  the  data  on  the  participation  of  government  in  the  capital  of 
corporations. 

The  changes  needed  in  Eurostat's  collection  systems  were  formalised  by  way  of 
introduction  of  a  supplement  to  the  EDP  questionnaire,  under  the  provisions  of 
Article  8(2d)  of  Council  Regulation  (EC)  No  479/2009.  The  templates  and  the 
implementation  guidance  were  provided  in  Eurostat's  decision  of  22  July  2013  on 
Supplement  on  contingent  liabilities  and  potential  obligations  to  the  EDP  related 
questionnaire6. This decision also specifies that the data on liabilities of government 
controlled entities classified outside general government (public corporations) would 
be  compiled  by  Eurostat  on  the  basis  of  information  already  collected  via  the 
Questionnaire on government controlled units classified outside general government 
introduced in 20117. 

All indicators are to be reported to Eurostat in millions of national currency at the 
level  of  individual  general  government  subsectors.  The  metadata  clarifying  the 
completeness,  definitions,  use  of  estimations  or  timeliness  of  the  data  are  to  be 
provided to Eurostat alongside the data. 

2.2. 

Timeliness 

Data  on  contingent  liabilities  should  be  transmitted  to  Eurostat  annually  before  31 
December of the following year (T+12 months) by the national statistical authority, 
alongside  the  Questionnaire  on  government  controlled  units  classified  outside 
general  government.  The  first  data  transmission  took  place  in  December  2014  and 
covered the year 2013 whereas the data for 2010-2012 were reported on a voluntary 
basis.  In  case  of  guarantees,  data  for  the  previous  years  were  required  on  a 
compulsory basis. The intention is to gradually build up time series and to eventually 
cover four past years for all the indicators in the regular reporting.  

5 Three Task Force meetings took place in 2012: 29 June, 5 September and 6 November. 
6 http://ec.europa.eu/eurostat/documents/1015035/2041337/ESTAT-decision-Suppl-on-conting-liab-EDP-Q.pdf/0b35165a-
ee53-470a-a15a-7beaa98aac8b 
7 The questionnaire received a positive opinion from the CMFB in 2011. Data are collected on an annual basis and the first 
data transmission took place in December 2012. 

4 

 
 
                                                            
2.3. 

Description of indicators 

This section presents the agreed concepts and definitions for publication of data on 
contingent  liabilities  whereas  their  application  by  the  Member  States  in  the  data 
provided to Eurostat is described in section 3. 

2.3.1.  Government guarantees 

Eurostat  collects  information  on  the  outstanding  amount  of  the  guarantees  granted 
by general government. Only guarantees provided to units classified outside general 
government are covered by reporting. A breakdown by subsectors is available except 
for  social  security  funds.  Information  is  expressed  in  total  stock  of  guarantees, 
excluding  the  debt  already  assumed  by  government,  as  recorded  in  ESA2010 
accounts. Data are reported at nominal value. 

Data cover both one-off and standardised guarantees. A one-off guarantee is defined 
as individual, and guarantors are not able to make a reliable estimate of the risk of 
calls.  One-off  guarantees  are  linked  to  debt  instruments  (e.g.  loans,  bonds).  
Additional  breakdown  is  available  for  one-off  guarantees  granted  to  public 
corporations and financial corporations. Standardised guarantees are guarantees that 
are issued in large numbers, usually for fairly small amounts, along identical lines. It 
is  not  possible  to  estimate  precisely  the  risk  of  each  loan  being  in  default  but  it  is 
possible  to  estimate  how  many,  out  of  a  large  number  of  such  loans,  will  default. 
Examples are mortgage loan guarantees, student loan guarantees, etc.   

2.3.2.  Off-balance PPPs 

Public-private  partnership  (PPPs)8  recorded  off  the  balance  sheet  of  government 
means that the assets are not considered as economically owned by government and 
the gross-fixed capital formation is not recorded as an expenditure of government at 
the moment it is incurred. 

Eurostat collects data on the total outstanding liabilities recorded off-balance. They 
should  be  expressed  in  the  adjusted  capital  value  corresponding  to  an  initial 
contractual  capital  value  that  is  progressively  reduced  over  time  by  the  amount  of 
the "economic depreciation" calculated on the basis of estimates or actual data. The 
adjusted capital value reflects the current value of the asset at the time of reporting. 
The  amount  represents  an  estimate  of  the  gross  fixed  capital  formation  and  debt 
impact in case government would have to take over the assets during the life of the 
contract.  Data  are  collected  for  general  government  and  by  all  sub-sectors  and  are 
reported at nominal value. 

2.3.3.  Non-performing loans of General Government 

Information  is  collected  on  the  stock  of  non-performing  loans  (government  assets) 
provided  by  general  government.  A  loan  is  non-performing  when  payments  of 
interest or principal are past due by 90 days or more, or interest payments equal to 
90  days  or  more  have  been  capitalized,  refinanced,  or  delayed  by  agreement,  or 
payments are less than 90 days overdue, but there are other good reasons (such as a 
debtor filing for bankruptcy) to doubt that payments will be made in full. Data are 

8 Public-private partnerships (PPPs) as defined by ESA 2010, paragraph 20.276 and further detailed by the Eurostat Manual 
on Government Deficit and Debt, part VI.4. 

5 

 
 
                                                            
reported  at  nominal  value.  The  consolidated  figure  for  general  government  and 
details by sub-sectors are made available. 

2.3.4.  Liabilities  of  government  controlled  entities  classified  outside  general  government 

(public corporations) 

Government  controlled  entities  are  units  for  which  government  has  the  ability  to 
determine  the  general  policy  or  programme  (ESA2010,  paragraph  20.18)9.  Those 
government  controlled  entities  are  classified  outside  general  government  in  most 
cases due to their behaviour as market units.  

Liabilities  of  government  controlled  entities  classified  outside  general  government 
(public  corporations)  are  defined  as  the  stock  of  liabilities  at  the  end  of  the  year, 
based  on  the  business  accounts  of  corporations.  Member  States  can  choose  which 
concept to use for the reporting, either business accounts (including all the liabilities 
from  the  financial  statements  of  the  company)  or  national  accounts  concept 
(excluding  other  accounts  payable).  If  available,  data  on  liabilities  for  Maastricht 
debt items could also be reported. 

Data  cover  government  controlled  units  reporting  liabilities  higher  than  0.01%  of 
GDP  and  classified  according  to  ESA2010  in  the  sectors  of  non-financial 
corporations and financial corporations and rest of the world. The data are reported 
for individual units and not for consolidated group accounts. 

Data provide a breakdown for the liabilities of units involved in financial activities10 
and  liabilities  of  units  involved  in  other  activities,  among  which  loss-making  non-
financial units. Furthermore, the controlling subsector of the general government is 
also identifiable from the data.  

3. 

RESULTS  OF  THE  EUROSTAT  FIRST  DATA  COLLECTION  ON  CONTINGENT 
LIABILITIES 

In December 2014, Eurostat collected for the first time data on contingent liabilities. 
All Member States provided the data to Eurostat around the reporting deadline. On 
the  10th  of  February  2015,  Eurostat  published  the  figures  in  millions  of  national 
currency  and  in  percentage  of  GDP11  in  its  database12  together  with  the  related 
metadata and country specific footnotes13. An accompanying press release was also 
issued14. The main results are presented in Annex 1 of this report.  

3.1. 

Completeness and coverage of data 

All Member States provided the completed Supplement on contingent liabilities and 
potential  obligations  as  well  as  a  reply  to  the  Questionnaire  on  government 

9 A set of indicators is to be considered to determine government control (detail on each criterion is defined in ESA 2010, 
paragraph 20.309). 
10 Liabilities of units involved in financial activities include the following NACE categories: (64) Financial service activities, 
except for Central Bank, (65) Insurance activities, (66) Activities auxiliary to financial services. 
11 GDP figures provided during the October 2014 Excessive Deficit Procedure notification are used for calculation of 
indicators. 
12 http://ec.europa.eu/eurostat/web/government-finance-statistics/data/database 
13 http://ec.europa.eu/eurostat/cache/metadata/en/gov_cl_esms.htm and 
http://ec.europa.eu/eurostat/documents/1015035/6611302/Contingent-Liabilities-Footnotes.pdf 
14 http://ec.europa.eu/eurostat/documents/2995521/6616449/2-10022015-AP-EN.pdf/d75df6fe-100b-4ae7-a09e-
00400edb183a 

6 

 
 
                                                            
 
controlled entities classified outside general government. The completeness of data 
varies depending on the indicator and on Member States. 

3.1.1.  Government guarantees 

All Member States provided figures for the total government guarantees for general 
government  for  the  years  2010-2013.  For  France,  Croatia  and  Slovenia,  this 
aggregate  does  not  cover  the  local  government  subsector  where  data  are  not 
available. For Denmark, data for local government are available from 2013 onwards 
only.  

Concerning  standardised  guarantees,  data  is  missing  for  Belgium,  Croatia  and 
Portugal  for  all  the  government  subsectors.  For  Denmark,  France  and  Poland,  data 
on  standardised  guarantees  are  not  available  at  the  level  of  local  government.  For 
Italy, the data for local government include both one-off and standardised guarantees 
and  are  not  split.  For  Germany,  data  for  the  total  stock  of  loans  covered  by 
standardized guarantees are only available for the largest guarantee scheme which is 
organized by central government, whereas data on the stock of loans covered by the 
two other standardized guarantee schemes are not available.  

3.1.2.  Off-balance PPPs 

All  countries  provided  data  on  off-balance  PPPs  for  2013.  A  great  majority  of 
countries also reported figures for the years 2010-2012. Data are not exhaustive for 
Austria where central government is not covered and for the United Kingdom where 
data for local government are not available. For Germany, assets of all PPP projects 
are recorded on the government's balance sheet.  

3.1.3.  Non-performing loans 

For 2013, 23 out of 28 countries provided information on non-performing loans of 
general  government.  The  missing  countries  are  Belgium,  France,  Croatia,  Cyprus 
and Slovakia.  

Data is not exhaustive for Spain as it does not cover the local government subsector 
and for Italy and Finland, where non-performing loans of both local government and 
social security funds are not reported. 

A  number  of  countries  also  voluntarily  provided  data  on  non-performing  loans  for 
the  years  2010-2012.  These  were  as  follows:  Greece,  Latvia,  Luxembourg,  Malta, 
the Netherlands, Poland, Portugal, Sweden and the United Kingdom. 

3.1.4.  Liabilities of government controlled entities classified outside general government 

All countries replied to the Eurostat questionnaire on government controlled entities 
which  is  the  basis  for  calculating  the  data  series  on  liabilities  of  government 
controlled  entities  classified  outside  general  government.  For  most  countries,  data 
refer to 2013 except for Germany, Cyprus and partly Ireland, where data refer to the 
year 2012. A majority of countries provided exhaustive data covering all controlling 
sub-sectors  of  general  government.  However,  some  Member  States  data  are  not 
exhaustive, not including the liabilities of financial institutions and/or the liabilities 
of units controlled by local government.  

In particular, for Greece and Ireland data coverage is limited to public corporations 
controlled by central government. In the case of Greece and Cyprus, there are also 

7 

 
 
some  units  controlled  by  central  government  that  are  not  reported  in  the  data.  For 
Poland, the data does not include units employing less than 10 persons. 

For Belgium and Cyprus, the coverage of local government is not exhaustive.  

Moreover,  some  countries  (Belgium,  Greece,  Spain,  Cyprus  and  Luxembourg)  did 
not  provide  any  or  only  partial  figures  on  the  government  controlled  financial 
institutions. 

3.2. 

Comparability of data 

Due  to  their  characteristics,  data  on  contingent  liabilities  are  country  specific  and 
closely linked to national particularities regarding the economic, financial and legal 
structure  of  the  country.  As  described  above  and  further  indicated  in  country 
footnotes  published  with  the  data,  data  coverage  is  not  complete  for  all  Member 
States.  For these reasons, the data should be interpreted with caution. 

In general, the comparability for government guarantees, non-performing loans and 
off-balance  PPPs  is  satisfactory  whereas  it  is  limited  for  the  liabilities  of  public 
corporations.  For  this  indicator,  as  described  above,  some  Member  States  data  are 
not  exhaustive,  not  including  the  liabilities  of  financial  institutions  and/or  the 
liabilities  of  units  controlled  by  local  government.  In  particular,  the  data  show 
significant differences between countries including exhaustively the liabilities of the 
financial  institutions  (such  as  Germany,  Ireland,  the  Netherlands,  Slovenia)  and 
countries which only provided partial data or no data at all (Belgium, Greece, Spain, 
Cyprus and Luxembourg).  

Next,  the  data  reported  for  liabilities  of  public  corporations  are  not  consolidated, 
which means that part of the debt of these units could be towards entities in the same 
company  group  (the  debt  between  units  in  the  same  group  is  not  identifiable  from 
the data reported). Furthermore, the data collection only refers to the liabilities of the 
entities without balancing them with the assets. This aspect is very important in the 
case  of  financial  institutions  which  normally  have  significant  amounts  of  both 
liabilities  and  assets.  Additionally,  for  some  of  the  Member  States,  most  of  the 
liabilities reported by financial institutions concern deposits. 

It  should  be  also  mentioned  that,  when  compiling  the  liabilities  of  public 
corporations,  Member  States  could  choose  which  concept  to  use  for  the  reporting, 
either  business  accounts  or  national  accounts  concepts.  Following  the  business 
accounts  definitions,  the  countries  included  all  the  liabilities  from  the  financial 
statements  of  the  company,  including  also  liabilities  related  to  the  item  'other 
accounts  payable'.  The  majority  of  countries  reported  the  liabilities  following  this 
approach.  Some  other  countries  (Belgium,  Spain,  the  Netherlands,  Portugal  and 
Slovakia)  used  national  accounts  concept  (excluding  the  item  other  accounts 
payables)  or  reported  Maastricht  debt  items,  i.e.  currency  and  deposits,  debt 
securities and loans. 

8 

 
 
4. 

4.1. 

OTHER EUROSTAT DATA COLLECTIONS 

Government contingent liabilities towards the financial sector 

information  on  government’s  contingent 

Since  October  2009  Eurostat  regularly  collects  (twice  a  year,  as  part  of  each  EDP 
notification15) 
the 
'Supplementary table for the financial crisis'16. It provides data related to the actual 
and  potential  impacts  on  government’s  deficit  and  debt  of  the  support  provided  to 
financial institutions in the context of the financial turmoil. 

liabilities,  via 

The information on government contingent liabilities linked to the financial sector is 
published on Eurostat’s website17, for each EU Member State, including a summary 
table with the aggregated data for the EU and euro area, and covers the years 2007-
2014. 

4.2. 

Other Eurostat data sources 

Some  data  on  government  guarantees  as  well  as  off-balance  sheet  PPPs  have  also 
been  collected  by  Eurostat  in  the  EDP  questionnaire  tables  (which  are  not  public) 
submitted  alongside  the  EDP  notification  for  over  ten  years.  The  information 
collected  is  not  for  publication  but  for  Eurostat  internal  purposes  of  quality 
assurance  of  the  EDP  reporting.  In  addition,  aggregated  data  on  state  guarantees 
have been  previously collected as a part of the annual 'structure of government debt 
questionnaire',  which  is  published  at  the  Eurostat  website  at  around  T+6  months 
after the end of the reference period.18 

Finally,  the  ESA2010  transmission  programme  provides  for  the  submission  to 
Eurostat  of  supplementary  tables  on  pension  liabilities.  Data  in  ESA  table  29  are 
collected  at  T+24  months  after  the  end  of  the  reference  period  and  in  three-yearly 
intervals. The first voluntary collection took place at the end of 2014, while the first 
compulsory collection will take place at the end of 2017. 

5. 

CONCLUSIONS 

The  data  collection  on  contingent  liabilities  in  the  context  of  Council  Directive 
2011/85/EU aims to increase the availability of information on the implicit liabilities 
of general government. Prior to the implementation of the Directive, only partial and 
mainly  non-public  data  on  guarantees  and  off-balance  PPPs  were  collected  by 
Eurostat.  Following  the  Task  Force  report,  the  Member  States  should  publish 
relevant  information  in  a  harmonised  and  comprehensive  way.  The  results  of  the 
first Eurostat data collection show that major efforts had been already undertaken by 
the  Member  States.  For  most  countries,  complete  and  good  coverage  data  are 
available  for  most  of  the  indicators.  Some  countries  still  have  to  make  progress  in 
relation to completeness of the data and coverage, in order to include all the units in 
the  general  government.  In  particular,  the  coverage  of  data  reported  as  a  basis  for 

15  http://ec.europa.eu/eurostat/web/government-finance-statistics/excessive-deficit-procedure/edp-notification-tables  
16 A «supplementary table» is collected following Eurostat's decision of 15 July 2009 on the statistical recording of public 
interventions to support financial institutions and financial markets during the financial crisis. For more info see “Eurostat 
supplementary table for the financial crisis: Background note (April 2015)” 
http://ec.europa.eu/eurostat/documents/1015035/2022710/Background-note-fin-crisis-Apr-2015-final.pdf 

17http://ec.europa.eu/eurostat/web/government-finance-statistics/excessive-deficit/supplemtary-tables-financial-crisis  
18 This data collection covers two years. See http://ec.europa.eu/eurostat/data/database, collection gov_dd_sgd. ESA2010 
data will become available in June 2015. 

9 

 
 
                                                            
 
calculation of the total liabilities of government controlled entities classified outside 
general government needs to be improved. At the moment, a number of countries do 
not  report  liabilities  of  government  controlled  financial  institutions  and/or  the 
liabilities of units controlled by local government. In addition, the availability of the 
accompanying  metadata  could  be  further  improved  in  order  to  better  inform  users 
about the national characteristics and limitations of the data. Eurostat will carry out a 
discussion with the Member States on the next steps to be undertaken in this respect. 
The need to improve the coverage and the completeness for the next data collection 
in December 2015 will be emphasised. The possibility of the harmonised collection 
of the metadata will be investigated. 

Nevertheless, already at this stage, the new data collection represents a step forward 
toward  further  transparency of public finances in the European Union, by giving a 
more  comprehensive  picture  of  the  EU  Member  States'  financial  positions  by 
showing potential impact on public budgets.  

10 

 
 
Annex 1.Total general government contingent liabilities and non-performing loans in EU Member States, 2013 (% of GDP) 

Belgiuma 

Bulgaria 

Czech Republic 
Denmarka 
Germanya 

Estonia 
Irelanda 
Greecea 
Spaina 
Francea 
Croatiaa 
Italya 
Cyprusa 

Latvia 
Lithuaniaa 
Luxembourga 

Hungary 
Maltaa 
Netherlandsa 
Austriaa 
Polanda 
Portugala 
Romaniaa 
Sloveniaa 

Slovakia 
Finlanda 

Sweden 
United Kingdoma 

Total 

13.29 

0.75 

1.19 

9.18 

18.22 

1.71 

32.14 

3.67 

18.41 

5.53 

7.25 

6.10 

15.85 

2.31 

0.82 

7.72 

8.03 

15.88 

7.22 

35.01 

6.80 

11.97 

2.15 

17.82 

0.03 

24.08 

11.56 

9.47 

Government guarantees 

Of which: 

One-off 

Standardised 

Outstanding liabilities related 
to off-balance public-private 
partnerships (PPPs) 

Liabilities of government 
controlled entities classified 
outside general government

Non-performing loans 

13.29 

0.70 

1.19 

9.10 

18.03 

0.00 

32.14 

3.61 

18.41 

3.54 

7.25 

5.41 

15.85 

1.85 

0.73 

6.95 

7.70 

15.88 

6.75 

35.01 

6.51 

11.97 

0.81 

17.82 

0.03 

23.27 

11.56 

9.47 

: 

0.04 

0.00 

0.07 

0.19 

1.71 

0.00 

0.06 

: 

1.99 

: 

0.68 

0.00 

0.47 

0.10 

0.77 

0.34 

0.00 

0.47 

0.00 

0.29 

: 

1.34 

0.00 

0.00 

0.81 

0.00 

0.00 

0.15 

0.00 

0.00 

0.13 

- 

0.23 

2.82 

0.01 

0.28 

0.00 

0.13 

0.02 

4.85 

0.03 

0.00 

0.00 

2.18 

0.09 

0.39 

0.04 

0.00 

5.12 

0.00 

0.00 

1.44 

0.03 

0.00 

1.89 

11.41 

12.83 

15.48 

27.17 

126.26 

8.93 

64.51 

6.82 

12.46 

46.90 

15.90 

45.45 

10.40 

30.65 

7.28 

1.63 

14.72 

31.16 

107.15 

36.15 

25.84 

51.79 

9.92 

93.30 

3.88 

35.96 

34.50 

60.88 

: 

0.07 

0.09 

0.22 

0.29 

0.00 

11.40 

0.00 

0.19 

: 

: 

0.00 

: 

0.13 

0.15 

0.00 

0.05 

0.00 

0.70 

0.08 

0.18 

1.50 

0.00 

2.83 

: 

0.07 

0.80 

0.77 

a   See Detailed country specific footnotes available in the Eurostat website;           : data not available 

- not applicable