Swiss federal government posts surprise surplus in 2025

2026-02-21 - 00:03

Switzerland’s federal government ended 2025 in the black, recording a surplus of CHF 300m, despite having forecast a deficit of CHF 800m. The result is CHF 1.1bn better than expected. Even so, the Federal Council insists that its planned austerity programme remains necessary. The improvement stems largely from higher-than-anticipated tax receipts from Geneva, Finance Minister