Overall fiscal balance in CHF bn
2023 FINANCIAL STATEMENTS
Note:
– 2025/2026 expenditure without emergency parachute for the electricity sector (4 bn)
– Data for 2025 to 2027 based on latest budget assessment
The statement of financial performance ended 2023 with an annual surplus of 877 million, which was a slight improvement on the 2023 budget, which anticipated a surplus of 339 million. However, it was a big improvement on the 2022 financial statements, due primarily to the fact that current receipts (+5.1%), and in particular tax receipts (+7.6%), grew more robustly than current expenditure (+0.2%). Net investments were down slightly on the previous year (-2.2%) at 4.8 billion.
In the 2023 financial statements, the level of self-financing arising from the statement of financial performance (= current receipts less current expenditure) was not sufficient to finance the planned net investments (= investment expenditure less investment receipts). In other words, receipts did not entirely cover expenditure. Consequently, the 2023 financial statements posted a high financing deficit (-1.4 bn), half of which was attributable to the ordinary financing deficit (-0.7 bn), which was expected based on the 2023 budget. Given the financing deficit, net debt rose by 2.7 billion to 141.7 billion in 2023, representing 17.8% of gross domestic product (GDP).
Switzerland's gross domestic product remained below its potential in 2023, which meant that the debt brake mechanism permitted an ordinary cyclical financing deficit of 0.3 billion. At the end of 2023, and for the second year in succession, the financial statements showed a structural deficit (-0.4 bn).
REVISION OF THE FINANCIAL BUDGET ACT (IMPLEMENTATION OF MOTION 16.4018) The amendment of the Financial Budget Act (FBA; SR 611.01) to simplify and optimize budget management was brought into effect on January 1, 2022, and was applied for the first time in the 2023 budget. The 2022 figures have been adjusted to enable comparisons. |
Data
Detailed data for longer periods are available under the following links:
- Link data portal
- Link Open Government Data
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Last modification 25.03.2024