The "burden" of Swiss public debt: Lessons from research and options for the future
CEPR Policy Insight No 101
The Swiss Confederation?s finances are in an excellent shape. The Federal government?s debt stands at only 13.2% in GDP in 2018 and the yields are negative across the curve. This represents a striking contrast to the situation of rising debt in the 1990?s that led the country to adopt a debt brake rule. While most advanced economies experienced deficits over the last decade, Switzerland instead paid back nearly a quarter of its public debt.