Swiss Senate renounces spending cuts

The Swiss Senate has voted unanimously to abandon proposed budget spending cuts to the tune of some SFr280 million ($310 million).

This content was published on March 17, 2011 - 13:24 and agencies

The move is in line with a January cabinet decision made in light of an unexpected windfall in the federal finances which posted an SFr2.8 billion surplus in 2010.

The House of Representatives has yet to vote on the initiative.

The proposed cuts covered some 50 programme areas including the army, public transport and public media services, including

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In compliance with the JTI standards

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