In 2018 to 2020, the financial situation of the general government sector is pleasantly positive, with the Confederation and cantons, in particular, able to achieve some high surpluses. After several years in the red, the municipalities are likely to return to positive territory for the first time. In view of this favorable situation, primarily the Confederation, cantons and social security funds will probably be able to reduce their debt in the next few years. This is depicted in the latest financial statistics figures of the Federal Finance Administration.
The greatest short-term risk for public finances is that economic growth could deteriorate, particularly as a result of international developments (trade conflicts, pandemic) and the appreciation of the Swiss franc.
The next update and publication of the data will follow on 28 September 2020.