Swiss finance minister defends austerity despite surprise surplus in 2025

2026-02-21 - 00:53

Switzerland’s federal government closed 2025 with a financing surplus of CHF 0.3bn, rather than the CHF 0.8bn deficit forecast in the budget. The improvement of more than CHF 1bn was largely due to temporary additional tax revenue from the canton of Geneva. Ministers caution that the windfall should not be mistaken for a change in