According to a recent survey, health costs, pensions and climate change and the three greatest concerns among Switzerland’s population. Photo by ILOVESwitzerland on Pexels.comThe online survey published by Tamedia on 26 August 2022 looks at support for the main political parties along with the main concerns of voters. Since the previous survey on 5 January 2022, support for the PLR/FDP (+1.4 percentage points) and Liberal Green Party (+1.3 percentage points) has risen. While the Green...
Read More »Switzerland’s population older than ever, shows recent data
In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022. Photo by cottonbro on Pexels.com In 2021, one woman in five and one man in six was aged over 64, according to the Federal Statistical Office (FSO). Switzerland’s dependency ratio, which is the percentage of the population over 64 divided by the working age population1, reached 31.1% in 2021,...
Read More »Swiss to vote on marriage tax penalty
In Switzerland, marriage can increase the amount of tax a couple pays, something referred to as the marriage penalty. © Katarzyna Bialasiewicz | Dreamstime.comHigher tax is levied on married couples because they are assessed on their combined income rather than separately. Another argument against the current system is that it presents an economic barrier for second income earners who are married. This is because the second income is taxed at a higher rate than the first as it moves...
Read More »Swiss government sets 15% gas saving target
This week, the federal government fixed a voluntary objective for Switzerland to reduce gas consumption by 15% over the coming winter, according to RTS. Photo by RODNAE Productions on Pexels.comThe Federal Council’s 15% gas saving objective, announced on 24 August 2021, covers the period between October 2022 and March 2023. The EU has set the same objective. Switzerland produces no natural gas and possesses no seasonal storage facilities. To build a reserve of natural gas Switzerland...
Read More »Switzerland’s population older than ever, shows recent data
In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022. Photo by cottonbro on Pexels.comIn 2021, one woman in five and one man in six was aged over 64, according to the Federal Statistical Office (FSO). Switzerland’s dependency ratio, which is the percentage of the population over 64 divided by the working age population1, reached 31.1% in 2021, the highest it has...
Read More »Winter electricity cuts feared, says head of Swiss commission
Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS. Photo by Pixabay on Pexels.comOutages may not occur, but it is necessary to be prepared, he said. During the coming winter, it is estimated that Switzerland could fall 3 TWh short of...
Read More »Winter electricity cuts feared, says head of Swiss commission
Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS. Photo by MD Molla on Pexels.com Outages may not occur, but it is necessary to be prepared, he said. During the coming winter, it is estimated that Switzerland...
Read More »Covid and Ukraine aid push Switzerland’s deficit deeper into the red in 2022
On 17 August 2022, Switzerland’s government announced a new net spending estimate for 2022 showing a deficit of CHF 5 billion, more than double the budget deficit of CHF 2.3 billion announced in December 2021. © Pichetw | Dreamstime.comThe two main drivers of the higher estimated loss for 2022 are higher spending related to the Covid-19 pandemic (+3.2 billion) and aid related to the Ukraine war and Ukrainian refugees (+0.9 billion). The total of these spending increases (+5.0 billion)...
Read More »Swiss health premiums set for sharp rise in 2023
Swiss health insurance premiums are set to rise sharply in 2023, according to a new study. Price rises could reach close to 10% in some cantons. © Francisco Javier Zea Lara | Dreamstime.comOn average premiums across the country are expected to jump at least 5.4%, according to a study published by Accenture, reported RTS. One of the reasons behind the rises is pressure from the government to refund financial reserves. Reserves are typically used to cover unexpectedly costly years....
Read More »Swiss inflation remains stable in July 2022
Figures published by Switzerland’s Federal Statistical Office (FSO) on 3 August 2022 show annual inflation running at 3.4% in July, the same rate as June. Photo by Anna Shvets on Pexels.comSwitzerland’s consumer price index (CPI) remained stable in July 2022 compared with the previous month, and 3.4% higher compared with the same month of the previous year, said FSO. Over the month, falling prices of clothing and footwear, household appliances, oil products and alcoholic drinks were...
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