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1 INFORMATION ABOUT LIABILITIES OF PUBLIC CORPORATIONS IN 2014 YEAR Indicator Total outstanding liabilities of government controlled entities classified outside general government at the end of the year Of which: Liabilities of units involved in financial activities Liabilities of units involved in other activities Of which loss-making non-financial units Total stock of liabilities In millions of EUR % of Of which by controlling sub-sector Central Government GDP In millions of EUR 2 501,5 6,9 44,9 2 456,5 934,4 0,1 6,8 2,6 % of Local Government GDP In millions of EUR % of GDP 2 064,7 5,7 436,8 1,2 44,9 2 019,8 861,8 0,1 5,5 2,4 436,8 72,7 1,2 0,2 Social Security Funds In millions of EUR % of GDP - - - - Notes: Liabilities are defined as the index “Payable amounts and liabilities” of the balance sheet of corporations. According to the 2nd Business Accounts Standard “Balance sheet” the liabilities are defined as a commitment which arises from transactions carried out and other events, which will be carried out and the amount can be measured. The aggregates include only corporations reporting liabilities higher than 0,01% of GDP. Liabilities of units involved in financial activities – includes mainly NACE (64) Financial service activities, except for Central bank, (65) Insurance activities, (66) activities auxiliary to financial services.