Swiss Economicblogs.org
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 »