Report on implicit liabilities with potential impact on public budgets

Summary:

Report presented on 13 February 2019 by the European Commission pursuant to Regulation (EU) No 549/2013 on the European system of national and regional accounts in the European Union.

Further information:

Article 11 of Regulation (EU) No 549/2013 requires that by 2018 the Commission shall submit a report assessing the extent to which the information on liabilities published by the Commission (Eurostat) represents the entirety of the implicit liabilities, including contingent liabilities, outside government.

The previous report on this issue was published in 2015 and presented existing, at that stage, information on public-private partnerships (PPPs) and other implicit liabilities.

This report provides an updated 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 the data collection provided for in Directive 2011/85/EU on requirements for budgetary frameworks of the Member States.