Switzerland reduced its debt by 13 billion francs to 117 billion between 2005 and 2009

Switzerland has managed to reduce its debt despite the economic downturn. In late 2009, it has decreased by 13 billion francs compared to 2005, to rise to 117 bn, said the Finance Department on Tuesday. For comparison, the debt ratio in industrialized countries of the G20 represents approximately 2.5 times that of Switzerland. It is approximately 100% of GDP, against 40% in Switzerland. This positive development is linked to the budgetary discipline of the debt brake at the federal level, and the decline of the debt of the cantons and communes.