Federal finances at a glance
What is the Confederation's financial situation? How high are federal receipts and expenditure? Key figures at a glance.
2026 budget
Overall fiscal balance in CHF bn
The statement of financial performance shows a gain of 1.6 billion in the 2026 budget. Current receipts are set to grow at the same pace as current expenditure (+4.2 bn); self-financing will thus remain stable at 4.6 billion. By contrast, depreciation, amortization and other changes in the valuation of administrative assets are set to dip slightly overall to -3.0 billion. Net investments (investment receipts less investment expenditure) will rise very marginally by 0.1 billion to 5.5 billion.
The financing contribution from the statement of financial performance – self-financing (4.6 bn) – will not be sufficient to fully finance the planned net investments (5.5 bn). In other words, expenditure will exceed receipts. Consequently, a financing deficit of 0.8 billion is budgeted for 2026, with 0.6 billion attributable to the ordinary budget and 0.2 billion to the extraordinary budget.
The expected financing deficit is responsible for net debt rising by 0.8 billion to 143.1 billion in the 2026 budget year (0.8 bn).
In 2025 and 2026, Swiss economic growth is expected to remain at a below-average rate. The federal government's expert group anticipates real economic growth of 1.3% in 2025 and 1.2% in 2026, with inflation of 0.1% in 2025 and 0.5% in 2026. Overall, nominal economic growth of 1.5% (2025) and 1.7% (2026) is anticipated.
The financing deficit in the ordinary budget is 609 million, which means that the cyclical deficit permitted by the debt brake (-717 mn) is not exhausted, with the remaining room for maneuver amounting to 108 million. The debt brake requirements are thus met in the 2026 budget. However, the structural financing deficit will increase considerably from 2029 onward, and could reach 1.4 billion.
Relief package 27
The Federal Council implemented significant relief measures in the 2024 and 2025 budgets. These will also reduce the 2026 budget by almost 2 billion.
By the end of the financial plan period, the deficits could exceed 4 billion. With relief package 27 (RP27), the Federal Council is laying the foundations for balanced budgets through to 2028. As part of RP27, it is proposing to Parliament relief measures amounting to 2.4 billion in 2027, 3.0 billion in 2028 and 3.2 billion from 2029 onward. The relief measures have already been factored into the financial plan for 2027 to 2029.
Data
Detailed data for longer periods are available under the following links: