ZURICH—Switzerland could start reducing the debt pile it accumulated to help cushion the coronavirus pandemic’s impact in two to three years, and finish repaying it over 15 years, Finance Minister Ueli Maurer said in a radio interview.
If all goes “very, very, very well”, the extra debt the state is taking on to help fund short-hour work schemes and aid to businesses could hit 20 billion Swiss francs ($21.15 billion), he told broadcaster SRF in the interview aired on Saturday.
