Swiss Economicblogs.org
On 15 February 2023, Switzerland’s federal government published finalised figures showing it spent CHF 4.3 billion more than it received in 2022. Excluding extraordinary expenses related to the Covid pandemic left an underlying operating deficit of CHF 1.9 billion, the first shortfall of this kind since 2005. © Marekusz | Dreamstime.comSwitzerland’s federal government is required to operate under a system known as a debt brake. This requires it to achieve a breakeven budget over a...
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