First extrapolation for 2020: considerably weaker results due to COVID-19 pandemic

Bern, 12.08.2020 - The Confederation is expecting a financing deficit of CHF 20.9 billion for this year. In the ordinary budget, a deficit of CHF 3.1 billion is projected. A surplus of CHF 0.3 billion had been budgeted. The poor results stem from a substantial reduction in receipts ( 5.2 bn), which was only partly offset by lower expenditure (-1.8 bn). According to initial estimates, the extraordinary budget measures to combat the COVID-19 pandemic amount to CHF 17.8 billion.

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