Keller-Sutter predicts rounds of austerity

Due to spending during the corona pandemic, Finance Minister Karin Keller-Sutter predicts cuts in the federal budget. “Not only for the year 2024, but also in the years after,” she told “Südostschweiz”. (archive image)

Due to spending during the corona pandemic, Finance Minister Karin Keller-Sutter predicts cuts in the federal budget. “Not only for the year 2024, but also in the years after,” she told “Südostschweiz”. (archive image)

The pandemic has caused the federal government to resort to extraordinary budgeting for the first time since the financial crisis that began in 2007. “And we have accumulated 30 billion francs in debt. That’s not nothing,” said Keller-Sutter in an interview published Saturday. “Of course we had to act, but we will only see in the future whether we did it right or whether it was too much.”

According to the Minister of Finance, this state support has become almost self-evident. This is reflected in the rise in energy prices. “The first thing I heard from a leading business association was that there was a need for bridging loans from the government. However, not every entrepreneurial risk can be absorbed.

The key figures for the 2024 budget are currently being prepared, which should be determined at the end of January, according to Keller-Sutter.

(SDA)

Source:Blick

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I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I'm passionate about. I have worked in this field for more than 5 years now and it's been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.

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