Published on 16 August 2023

First extrapolation for 2023: smaller financing deficit expected

Bern, 16.8.2023 - According to the first extrapolation for 2023, the Confederation is anticipating a financing deficit of CHF 1.5 billion for this year. A deficit of CHF 4.8 billion had been expected in the budget. The improvement is due to the fact that the CHF 4 billion rescue mechanism for the electricity industry in the extraordinary budget will probably not be needed. However, there is no SNB profit distribution, resulting in a CHF 2 billion drop in receipts. There is now a small structural financing deficit in the ordinary budget.