(Bloomberg) — Switzerland’s government intends to slash state spending, proposing to parliament cuts worth multiple billions in a radical move to balance a budget that — despite internationally low debt levels — has been running deficits since the Covid pandemic. From 2027 to 2030, the country’s seven-member executive aims to relieve the federal tab by...
Tag: budget deficits
Post
Post
Swiss forecast higher budget deficits as military spending rises
ZURICH (Reuters) – Switzerland’s budget deficit will likely rise over the next four years, the government said on Thursday, as it increases spending on military equipment and makes efforts to reduce carbon emissions. An expected annual deficit of 729 million Swiss francs ($856 million) in 2025 will rise to 2.54 billion francs by 2028 as...