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Swiss forecast higher budget deficits as military spending rises

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...