Government; debt guarantees, off-balance PPP, non-performing loans

Table description


This table comprises figures related to debt guarantees provided by the general government sector, adjusted capital value of off-balance sheet public private partnerships (PPP), and non-performing loans. The figures are also available per government subsector, and are taken from end-of-year balance sheets.
Publication of this table meets one of the requirements of Directive EU 2011/85, part of the Enhanced Economic Governance package ("Sixpack") adopted by the European Council in 2011.

Data available from: situation on 31 December 2010.

Status of the figures:
The figures for 2020 are provisional. The figures for the earlier years are final.

Changes as of 24 December 2021:
The non-performing loans of the government in 2019 and 2020 have been revised downwards by 40 million euros, because these amounts erroneously included a loan between two government units.

Changes as of 29 October 2021:
Provisional figures for 2020 have been published.
The figures for 2019 have become final.
Due to a processing error data on non-performing loans of local government for 2018 (5 million euros) and 2019 (4 million euros) have been slightly revised.

When will new figures be published?
New provisional figures for the previous year will be published in October. Previous provisional figures will then become definite. More information on the revision policy of National Accounts can be found under "Relevant articles" under paragraph 3.

Description topics

Value in million euros
Debt guarantees
A debt guarantee is an arrangement in which a guarantor agrees to pay a creditor if a debtor defaults.

This table presents debt guarantees provided by the government. These include:
- Guarantees on interbank loans as a result of the financial crisis.
- Export credit guarantees.
- Guarantee arrangements for specific sectors.
- Guarantees provided to individual institutions.

The data do not include:
- Government guarantees issued within the guarantee mechanism under the Framework Agreement of the European Financial Stability Facility (EFSF)
- Guarantees provided for the 'European Financial Stabilisation Mechanism' (ESFM) en the 'European Stability Mechanism' (ESM).
- Derivative-type guarantees, i.e. guarantees that meet the definition of a financial derivative
- Deposit insurance guarantees and comparable schemes
- Government guarantees issued on events whose occurrence is very difficult to cover via commercial insurance (earthquakes, large-scale flooding, nuclear accidents, certain art
exhibitions, etc.).
One-off guarantees
A one-off guarantee is defined as individual, and guarantors are not able to make a reliable estimate of the risk of calls.
Public non-financial corporations
Public non-financial corporations are all non-financial corporations, quasi-corporations and non-profit institutions recognised as independent legal entities that are market producers and are subject to control by government units.
Public financial corporations
Public financial corporations are all institutional units whose principal activity is the production of financial services which are subject to control by government units.
Value in % of GDP
Debt guarantees
A debt guarantee is an arrangement in which a guarantor agrees to pay a creditor if a debtor defaults.

This table presents debt guarantees provided by the government. These include:
- Guarantees on interbank loans as a result of the financial crisis.
- Export credit guarantees.
- Guarantee arrangements for specific sectors.
- Guarantees provided to individual institutions.

The data do not include:
- Government guarantees issued within the guarantee mechanism under the Framework Agreement of the European Financial Stability Facility (EFSF)
- Guarantees provided for the 'European Financial Stabilisation Mechanism' (ESFM) en the 'European Stability Mechanism' (ESM).
- Derivative-type guarantees, i.e. guarantees that meet the definition of a financial derivative
- Deposit insurance guarantees and comparable schemes
- Government guarantees issued on events whose occurrence is very difficult to cover via commercial insurance (earthquakes, large-scale flooding, nuclear accidents, certain art
exhibitions, etc.).
One-off guarantees
A one-off guarantee is defined as individual, and guarantors are not able to make a reliable estimate of the risk of calls.
Public non-financial corporations
Public non-financial corporations are all non-financial corporations, quasi-corporations and non-profit institutions recognised as independent legal entities that are market producers and are subject to control by government units.
Public financial corporations
Public financial corporations are all institutional units whose principal activity is the production of financial services which are subject to control by government units.