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The Swiss parliament has approved next year’s national budget which foresees a deficit of CHF6.1 billion ($6.9 billion). (Bloomberg) -- Switzerland’s government intends to slash state spending, proposing to parliament cuts worth multiple billions in a radical move to balance a budget that — despite The largest federal task area is social welfare, which accounted for just over a third of expenditure (34.9%). This expenditure is bound by law and therefore barely controllable in the medium term. Half of the expenditure goes to old-age and survivors' insurance (AHV). Other areas include federal contributions to disability insurance (IV), individual premium reductions and AHV and IV Switzerland’s parliament is making heavy weather of settling the 2024 national budget. The reason: juggling the growing billions of extraordinary expenses with the constraints of a debt Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2] This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. The following tables show the governmental budget balance, in millions of A committee of the Swiss House of Representatives has outlined its priorities for the 2025 federal budget, allocating more funds to the military and agriculture while cutting back on foreign aid Everything to play for The National Council was due to vote on the defence budget in its autumn session this September (after the editorial deadline of this edition of “Swiss Review”), with an external group of experts commissioned by the Federal Council also primed to deliver proposals on getting the public finances in order. 2024 budget with integrated task and financial plan for 2025 to 2027 available Bern, 24.8.2023 - Effective immediately, the 2024 budget is available in electronic format on the website of the Federal Finance Administration (FFA). Switzerland recorded a Government Budget surplus equal to 0.40 percent of the country's Gross Domestic Product in 2024. This page provides - Switzerland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. The national debt is the total amount of outstanding debts of a country’s government. So, a series of annual budget deficits will accumulate to form the national debt. What Does Switzerland’s National Deficit Show Since 1990? The graph below shows the status of Switzerland’s government budget for every year from 1999 to 2016. The Swiss parliament has finalised the 2025 federal budget, with the army receiving more money at the expense of foreign aid. Instead of an expected deficit of CHF 2.6 billion, Switzerland will only record a deficit of CHF 80 million in 2024. Coronavirus debt can be reduced for the first time. Switzerland's economic output remained below its potential. The debt brake would have permitted a cyclical financing deficit of 504 million in the ordinary budget, but a financing surplus of 817 million was achieved. 3 Switzerland’s public finances in accordance with national guidelines (FS) The FS Model is used for the national comparability of government units. It is based on the national accounting models for the cantons and municipalities (HAM1 and HAM2) and the Confederation (NAM). The Swiss federal government has almost balanced its books, ending 2024 with a budget deficit of 80 million francs, 2,5 billion francs lower than forecast. The development of five taxes between 1990 and 2010, which account for 80–85% of the annual revenue. As the federal system in Switzerland divides the nation into three levels of governance, confederation, cantons and municipalities, the federal budget refers solely to the revenues and expenditures at the national level. The regional (canton) budgets, as well as the budgets of the more than What are the federal finances like in Switzerland? The most important facts and figures provide an overview of the federal budget and show the outlook for the federal finances for the years ahead. In the ordinary budget, the Confederation recorded a financing surplus of around CHF 800 million. The Federal Council was informed of this provisional result during its meeting on 12 February 2025. Parliament has approved next year’s regular national budget which foresees a deficit of CHF2.3 billion ($2.5 billion). Date when parliament adopted the budget, per year 08 Dec 2022 (2023) Number of days between receiving the draft budget and its adoption in parliament, per year 113 (2023) National currency
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