Due to the improvement in the epidemiological situation, significantly reduced stabilization measures to deal with the COVID-19 crisis are expected for 2022. The recovery of the Swiss economy should lead to positive fiscal balances in the cantons and social security funds sub-sectors. For the general government sector (Confederation, cantons, municipalities and social security funds), a surplus of around CHF 3 billion is expected in 2022 and gross debt should start to decline again from 2023 onward. This is shown in the latest financial statistics figures published by the Federal Finance Administration (FFA). In light of the Ukraine conflict, these forecasts are coupled with uncertainties.