Federal Council comes to positive conclusion after ten years of debt brake
Bern, 29.11.2013 - During its meeting today, the Federal Council adopted a report on experience with the debt brake since it was introduced ten years ago. The debt brake has been guiding fiscal policy since 2003. The report's conclusion is positive. The debt brake has made it possible to balance the Confederation's finances, reduce debt and also apply a fiscal policy that is attuned to the economic cycle during the financial and debt crisis.
This whole press release is available as a document in pdf format.
Address for enquiries
Serge Gaillard, Director of the Federal Finance Administration FFA
Tel. 031 322 60 05, serge.gaillard@efv.admin.ch
Publisher
The Federal Council
https://www.admin.ch/gov/en/start.html
Federal Department of Finance
https://www.efd.admin.ch/efd/en/home.html