Switzerland’s army wants to get round its current funding shortage by ordering new weapons on credit, says armed forces chief Thomas Süssli.
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Süssli told Swiss public broadcaster SRF that he would like parliament to guarantee a credit facility for new artillery systems and anti-tank weapons. Without investments in ground forces, the army would lose effectiveness in the medium-term, he warned.
Setting up a credit facility would allow Switzerland to “get into the queue with a manufacturer earlier, but then still only purchase later and pay later”, Süssli said in a radio interview on Saturday.
An added problem is long waiting times for weapons deliveries due to the stretched capacity of the defence industry.
The cash-strapped Swiss army is unable to make any major payments for armaments until the 2030s. It is facing a CHF1.4 billion funding gap over the next three years, including an CHF800 million shortfall this year.
The Swiss armed forces had outstanding financial obligations totalling around CHF13 billion at the end of 2022. Süssli and Defence Minister Viola Amherd told the Security Policy Committee of the Senate last Thursday that it would not be possible to settle these liabilities in full until 2028.
Following Russia’s invasion of Ukraine, Switzerland decided to boost army spending to 1% of gross domestic product. But the time scale for achieving this goal through a gradual increase in funding has been extended from 2030 to 2035.
Slowing down the rate of accelerated military investment has increased the existing immediate financial problems of the army, Süssli complained.
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Media report: Swiss army to face big financial issues in coming years
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The forces are reportedly set to hit a funding shortfall of some CHF1 billion by 2025, Swiss public television has revealed.
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