Switzerland Public finances: increase in debt because of COVID-19 crisis

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(The Government of Switzerland)

In 2019, the financial situation of the general government sector was gratifyingly positive, with the Confederation, cantons and social security funds achieving high surpluses.

In the following two years, 2020 and 2021, Switzerland’s public finances will have to overcome the biggest economic crisis in decades as a result of the COVID-19 pandemic and will be deeply in the red. The gross debt of the government units is thus likely to increase significantly.

However, the debt ratio remains low by international standards.

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