Swiss parliament signals division on size of federal budget cuts

National Council committee does not want to slim down the savings package any further Keystone-SDA

Proposed multi-billion franc cuts to the Swiss budget should not be trimmed down, according to the finance committee of the House of Representatives.

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The committee has recommended budget cuts that are CHF363 million higher than those already decided by the Senate.

The House of Representatives finance committee want to reduce the federal budget by CHF1.714 billion in 2027, by CHF2.067 billion in 2028 and by CHF2.149 billion in 2029. Over three years, the savings would therefore be around CHF5.9 billion

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By way of comparison, in autumn 2024 a group of experts had identified a savings potential of CHF4 to CHF5 billion per year.

Following the consultation process, the government still identified a savings volume of around CHF2.4 to CHF3.1 billion over the financial plan years 2027, 2028 and 2029.

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After the consultation in the Senate, a savings volume of around CHF1.4 to CHF2.1 billion per year still resulted. Over all three years, this amounts to CHF5.5 billion.

Translated from German with AI/mga

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