The Local Switzerland

What does Switzerland spend all its money on?

Fri, 07 Feb 2020 12:54:13 +0100

A new report explains where the country spends its money and how its expenditures compare with the European Union’s.

2020 Swiss budget: Tourism, sport and education the major winners

Tue, 03 Dec 2019 11:43:47 +0100

Switzerland on Tuesday has begun its annual budget review process, with sport, education and tourism expected to be among the beneficiaries.

Here's why the huge Swiss budget surplus is causing headaches

Thu, 14 Feb 2019 10:33:45 +0100

In most countries, it would be an occasion for rejoicing, but Switzerland’s latest budget surplus has once again raised hackles. Here is what you need to know.

Anger as Switzerland records 'surprise' 2.8 billion-franc budget surplus

Wed, 14 Feb 2018 12:20:22 +0100

Despite gloomy Swiss government projections that the country would see a budget deficit of 250 million francs in 2017, Switzerland has managed once again to chalk up a surplus – this time it is 2.8 billion francs – raising questions about the budget process.

Parliament blocks extra funds for state pension scheme

Thu, 14 Dec 2017 12:35:30 +0100

The failure of the two houses of parliament to agree on next year’s federal budget will result in hundreds of millions of francs going to pay off the country’s debt rather than fund pension provision.

Swiss government posts surprise deficit for 2014

Wed, 11 Feb 2015 17:53:00 +0100

The Swiss government says it suffered its first federal budget deficit in nearly a decade last year following a surprise nine percent drop in tax revenue.

Swiss to post budget surplus for 2011

Wed, 02 Nov 2011 15:09:00 +0100

Switzerland is expected to report a budget surplus for 2011, despite spending 870 million francs ($985 million) to dampen the impact of the strong Swiss currency on its export-led economy.