Forecast for public finances: structural challenges for Confederation and social security funds
Bern, 21.10.2025 — The latest forecasts of the Federal Finance Administration (FFA) through to 2029 show a mixed picture for Switzerland's public finances. The Confederation's financial situation remains tight and is largely dependent on the implementation of the planned relief package 27. The cantons are likely to continue to generate surpluses thanks to stable receipts overall, while the municipalities are set to post small structural deficits. There is considerable uncertainty for the social security funds, especially in connection with the financing of the 13th monthly AHV pension payment. Counter-financing for this has been planned from 2027 onward, but it has not yet been decided.