Debt and debt ratio

in CHF bn and % of GDP

Debt and debt ratio

The measures to deal with the COVID-19 pandemic will lead to a further increase in debt in 2021. According to current estimates, gross debt will rise to 110.5 billion (+6.9 bn). The funding requirements caused by the COVID-19 pandemic will be covered primarily by bonds (+6.8 bn). Net debt will be up by 9.3 billion, as there will be a reduction of 2.4 billion in non-administrative assets on top of the increase in debt (+6.9 bn). Among other things, cash and other liquid assets will be further reduced.

The financing surplus budgeted for 2022 will once again allow gross debt to be reduced by 0.6 billion. While bond issuance will continue to exceed redemptions, money market debt register claims, which have short maturities, will mainly decrease. Meanwhile, a drop of 1.6 billion is anticipated for net debt.

In the financial planning years 2023 to 2025, the trend toward debt reduction will continue thanks to the expected financing surpluses.



Last modification 28.10.2021

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