{"id":94334,"date":"2021-03-31T12:00:44","date_gmt":"2021-03-31T12:00:44","guid":{"rendered":"https:\/\/swissfederalism.ch\/nel-2021-la-svizzera-emettera-prestiti-lordi-per-12-miliardi\/"},"modified":"2021-05-25T17:25:20","modified_gmt":"2021-05-25T17:25:20","slug":"switzerland-will-issue-gross-loans-of-12-billion-in-2021","status":"publish","type":"post","link":"https:\/\/swissfederalism.ch\/en\/switzerland-will-issue-gross-loans-of-12-billion-in-2021\/","title":{"rendered":"Switzerland will issue gross loans of 12 billion in 2021"},"content":{"rendered":"

Switzerland will issue gross loans of 12 billion in 2021<\/h1>\n

Federal Finance Administration revises planned acquisition of resources on the money and capital markets: 3,500 million more<\/em><\/h3>\n

In 2021, the Federal Finance Administration (FFA) plans to issue loans of around CHF 10 billion in nominal terms.
\nThe remaining financing needs are covered by increasing the volume of short-term book loans outstanding.
\nThe FFA has made a review of the planned acquisition of resources in the money and capital markets.<\/p>\n

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The recent decisions taken by the Federal Council and Parliament to mitigate the economic consequences of the coronavirus pandemic have led to an increase in the Confederation’s financing requirements.
\nThe additional expenditures will be financed by increasing the issuance volume of federal loans and short-term accounting receivables.<\/p>\n

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Production of Swiss francs at the Swiss National Bank<\/figcaption><\/figure>\n

That’s 3.5 billion more than in December 2020<\/h3>\n

Compared to what was announced on December 1, 2020, the FFA plans to increase the issuance of loans by 3.5 billion to CHF 10 billion in nominal terms (including the sale of tranches of its portfolio).
\nGross issues, which include premiums in addition to the nominal value, are expected to amount to approximately 12 billion. The auction calendar remains unchanged.
\nThe uncertainties in connection with the development of the coronavirus pandemic and the resulting changes in income and expenditure of the Confederation remain high.<\/p>\n

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Therefore, Switzerland’s remaining financing needs must be covered through an increase in the volume of short-term book loans in circulation, depending on actual liquidity developments.
\nIn order to counteract the pandemic, in the spring session the parliament allocated additional credits in the amount of approximately 14 billion.
\nTogether with the measures already decided within the framework of the 2021 budget, the total expenditure for 2021 in connection with the COVID-19 crisis currently amounts to 21 billion.<\/p>\n