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Switzerland sees first deficit in ten years

This content was published on Feb 11, 2015 Switzerland has recorded its first budget deficit in a decade, following lower than expected tax revenues.   The government announced a CHF124 million ($134 million) deficit for 2014, after initially forecasting a surplus of CHF121 million. Finance Minister Eveline Widmer-Schlumpf said the shortfall in the federal accounts was notably as a result of a lower…