The Swiss voice in the world since 1935

Accounts for 2024 slightly better than expected, announces Keller-Sutter

Accounts for 2024 slightly better than expected, announces Keller-Sutter
Accounts for 2024 slightly better than expected, announces Keller-Sutter Keystone-SDA

The Swiss government's 2024 accounts, forecast to show a deficit of CH 2.6 billion ($2.8 billion), should be better than expected, announces Finance Minister Karin Keller-Sutter. But for the following years, the situation will not improve, she warns.

+ Get the most important news from Switzerland in your inbox

“The one-off contribution of almost one billion that Parliament wants for SBB will be paid in 2025 instead of last year,” explains the finance minister in an interview broadcast on Sunday by Le Matin Dimanche and the SonntagsZeitung. “But it’s not yet possible to put a figure on the additional income.

On the other hand, the outlook for the following years is bleaker, with annual deficits of around 3 billion francs a year, she points out. In 2026, there is already “an additional burden of around 2 billion”, due in particular to the 13th AHV pension, she notes. “The good news is that we’re going to receive unanticipated additional revenue from Geneva.

The canton of Geneva will receive significantly higher revenues for the years 2022 and 2023, thanks in particular to companies active in commodities and energy trading, she explains. “According to initial estimates, these extraordinary revenues could bring in several hundred million a year for the next three years”.

Keller-Sutter notes, however, that these sums are “far” from sufficient “to turn the federal finances around”. Expenditure continues to rise, she warns. The “relief program” only reduces spending growth from 3% to 2%, she adds.

External Content

Translated from French by DeepL/ds

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.

Most Read
Swiss Abroad

Most Discussed

News

Special law for new genetic techniques in Switzerland

More

Switzerland to draft new law on GMOs

This content was published on The new regulation targets plants developed through new breeding technologies that don’t include transgenic genetic material.

Read more: Switzerland to draft new law on GMOs

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR