Switzerland will have to save CHF2.4 billion ($3 billion) in 2027 and CHF3 billion in 2028 and 2029. The government submitted its proposal to parliament on Friday. +Get the most important news from Switzerland in your inbox The Senate will consider it in the winter session, and the House of Representatives in the spring. Despite the savings made in the 2024 and 2025 budgets, structural deficits of more than CHF2 billion are expected to reappear in 2027. These could exceed CHF4 billion by 2029. The government has therefore decided to review the Confederation's expenditure for 2027. Following consultation, it has revised its programme downwards, forecasting cuts of CHF2.4 billion, compared with the CHF2.7 billion initially forecast. The programme comprises almost 60 measures. + The Swiss welfare state is ‘not about to be dismantled’ CHF3 billion in 2028 In 2028 the savings will be CHF3 billion. And CHF3.1 billion in 2029. The Confederation's own expenditure will be reduced by CHF300 ...
