Pursuant to article 93 (4) of the amended law of 8 June 1999 on the State Budget, Accounting and Treasury, the Financial Management section keeps the registry of guarantees granted by the State. The registry indicates in particular the outstanding amount as well as the timeframe of the granted guarantees.
Furthermore, the afore-mentioned law stipulates in article 80 (1) that the legislator is to pass a law for "any other financial commitment, including State guarantees, with an amount exceeding the sum of EUR 7.500.000 (seven million five hundred thousand)." This limit was increased to EUR 40.000.000 (forty million) by the 29 May 2009 law modifying article 80 of the amended 8 June 1999 law on the State Budget, Accounting and Treasury.
The financial guarantees granted by the Luxembourg State to borrowing companies, of private or public law, are in principle limited to a maximum amount. The Société Nationale de Crédit et d'Investissement (SNCI) benefits nonetheless of an unlimited guarantee.
As of 31 December 2019, the Luxembourg State granted financial guarantees to borrowing companies for a total of EUR 7.920,7 million.
- Private law companies
The Luxembourg State has granted financial guarantees to borrowing private law companies for a total of EUR 2.339,9 million (equivalent to 30% of the total granted financial guarantees).
- Public law companies
The Luxembourg State has granted financial guarantees to borrowing public law companies for a total of EUR 5.520,7 million (equivalent to 70% of the total granted financial guarantees).