Report on implicit liabilities with potential impact on public budgets

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

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 Directive 2011/85/EU on requirements for budgetary frameworks of the Member States.

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 financial crisis, EDP related questionnaire, etc.) providing limited and/or confidential information on particular types of contingent liabilities. The scope of information available from these sources will be also presented in this report.