State financial statements 2018

State financial statements 2018

The Confederation posted a surplus of CHF 2.9 billion in 2018, whereas CHF 295 million was expected in the budget.

National Bank

National Bank

The SNB posted a loss of 15 billion in 2018. It will nevertheless distribute 2 billion to the Confederation and the cantons because of the high reserves. Who gets what?


2019 budget wrapped up

2019 budget wrapped up

Parliament adjusted the 2019 budget on 13 December. Overall, there is an ordinary surplus of CHF 1,22 billion.

Issuance calendar 2019

Issuance calendar 2019

The Federal Finance Administration (FFA) is planning to issue bonds with a face value of CHF 2.5 billion in 2019. Taking account of bonds maturing, the volume of bonds outstanding will be reduced by CHF 3.3 billion.

Key topics

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Debt brake

The rule not to spend more than you earn ensures a sustainable fiscal policy.

Debt brake

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Federal budget

Public finances at federal level – a transparent financial report provides detailed information on the Federal Treasury's receipts and expenditure

Federal finances at a glanceState financial statements


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Financial statistics

Public finances at general government level (Confederation, cantons, communes and social security funds) allow for national and international comparisons.

Reporting / Key figures

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National fiscal equalization

Various equalization mechanisms (e.g. resource equalization and cost compensation) reduce the cantonal differences and increase efficiency.

FFA vacancies

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78.375 mn

06.09.2018 / 2016 State indicators

Deficit/surplus ratio (% GDP)
Tax-to-GDP ratio (% GDP)
General government expenditure ratio (% GDP)
Debt ratio (% GDP)

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