Responding to the coronavirus is likely to have added between CHF 25 and 30 billion to Swiss federal borrowing, a sum that will only be known when the final calculation is made at the end of 2022. Additional pandemic borrowing stood at CHF 20.3 billion at the end of 2021. This sum is likely to rise to between CHF 25 and 30 billion by the end of this year, the government estimates. Switzerland’s federal government currently has a CHF 1.3 billion budget surplus when Covid costs are excluded. Switzerland’s government debt is expected to reach CHF 312 billion by the end of 2021.

Source: Le News March 18, 2022 21:00 UTC