The state as a whole will have a deficit of more than two billion francs in 2021

class=”sc-3778e872-0 gWjAEa”>

The Federal Finance Administration (FFA) presents its statewide forecast for 2023 (symbol image)

For 2022, the EFV expects a surplus of 1.0 percent of Swiss gross domestic product (GDP). This corresponds to approximately 7.7 billion Swiss francs. In 2023, this should amount to about 800 million francs, the EFV announced on Thursday.

The slight surplus is the result of rising spending and below-average economic growth. The EFV also expects a reduction in debt.

The federal government, cantons, municipalities and social security funds were included in the statewide forecast. However, according to the FFA, the prognosis is accompanied by uncertainties because it depends on the effects of national and international developments. (SDA)

Source:Blick

follow:
Livingstone

Livingstone

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.

Related Posts