On 14 April 2021, Switzerland’s federal government announced it had spent CHF 14.2 billion more that it had collected in revenue in 2020. The loss represents the federal government’s consolidated excess expenditure for the year and is linked to the consequences of the Covid-19 pandemic, according to the statement. An additional CHF 16.8 billion was […]
Surprise Swiss government deficit in 2014
The Swiss government announced that its 2014 results were in the red. Given that the Swiss put even the Germans to shame with their ability to balance their budget, what went wrong? This is the first time in almost a decade that this has happened. The shortfall was CHF 124 million. This came as a […]