23 septembre 2025|
AI
|2 months agoSwiss Government Announces Major Budget Cuts Through 2029
Federal Council reveals ambitious austerity plan targeting CHF 2.4 billion in savings for 2027 and CHF 3 billion annually for 2028-2029.
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Generated IllustrationKey Takeaways
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- The Swiss Federal Council has released an austerity plan requiring CHF 2.4 billion in savings for 2027.
- Savings targets increase to CHF 3 billion in 2028 and CHF 3.1 billion in 2029.
- Structural deficits are projected to exceed CHF 2 billion in 2027 and widen to over CHF 4 billion by 2029.
- The plan includes nearly 60 specific measures to reduce spending.
- Federal operating costs will be cut by CHF 300 million by 2028, with CHF 190 million coming from staff expenses.
By The Numbers
CHF 141 billion
Federal Debt
CHF 98 billion
Forecasted Revenue
37%
Total Public Debt to GDP
CHF 40 billion
Historical Debt
They Said
"The countryâs public finances are a mess."
"If parliament rejects or waters down the proposals... further cuts will be neededâand sooner."