Confederation closes 2022 with a deficit of CHF 4.3 billion

Bern, 15.02.2023 - Lower receipts and high extraordinary COVID.19 expenditure resulted in a federal financial deficit of CHF 4.3 billion in 2022. For the first time since 2005, the Confederation also closed the year with a higher deficit in the ordinary budget than would be permitted by the economic cycle. This structural deficit amounts to just under CHF 1.6 billion. The Federal Council was informed of this provisional result during its meeting on 15 February 2023. At the same meeting, it specified the adjustment measures for the 2024 budget and took fundamental decisions on measures to adjust the budget in the financial plan years.

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