March 20, 2020 / 5:40 PM / 20 days ago

Swiss don't have to tap debt market to fund aid package - finance ministry

ZURICH, March 20 (Reuters) - The Swiss government does not have to borrow fresh money immediately to fund the 32 billion Swiss franc ($32 billion) economic support package it unveiled for business hit by the coronavirus epidemic, the finance ministry said on Friday.

While the book value of net debt will rise, the government has enough liquidity so that it does not for now have to raise money on capital markets, a ministry spokesman said.

$1 = 0.9864 Swiss francs Reporting by Michael Shields; Editing by Edmund Blair

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