Debt
What are the developments as regards the Confederation's net debt, the net debt ratio, liabilities, non-administrative assets and new debt?
Development of net debt
In CHF bn
Net debt is likely to rise by 0.1 billion to 141.0 billion in 2027 because of the expected financing deficit. However, it could decline slightly for the years 2028 through 2030 of the financial plan due to expected financing surpluses, reaching 139.6 billion.
The net debt ratio is likely to fall to 15.6% in 2027 (2026 budget: 15.9%), as net debt (+0.1%) is growing at a slower rate than nominal GDP (2.1%).
Definition of net debt
The definition of net debt is broader than gross debt in accordance with the Maastricht definition. Total liabilities are recognized on the liabilities side (including provisions and other liabilities). Net debt, consisting of liabilities less non-administrative assets, allows new debt to be derived directly via the overall fiscal balance and transactions charged directly to net assets/equity.
Data
Detailed data for longer periods are available under the following links: