Swiss Finance Commission Faces Budget Deficit Challenges Amid Growing Military Spending
The Swiss Finance Commission is currently deliberating the budget for 2025 and subsequent years, navigating significant challenges including a projected deficit of 758 million francs. Proposed increases in military funding call for up to 25.8 billion francs by 2035, complicating budget constraints enforced by the Swiss debt brake principle. Debate continues over where cuts might occur, such as international aid and federal discrepancies, as lawmakers also introduce tax hikes to generate additional revenue. Further uncertainties loom regarding future financial commitments, such as cohesions funds to the EU.