Bern, Switzerland (GenevaLunch) – The Swiss federal government Tuesday afternoon 24 November approved a 2010 budget deficit of CHF2.68 billion, going into the red for the first time in several years. The total budget approved is CHF58.2b. The drop in revenues due to the economic crisis is behind the shortfall, but even if the economy picks up it appears unlikely that Switzerland will finish the year in the black, observers quoted by Swiss media say.
Posted by Ellen Wallace on 24 November 2009 at 16:13 |
permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 24 November 2009.
Filed under: Politics
Tags: deficit, red, Swiss budget 2010, Swiss news, Switzerland
You can leave a response, or trackback from your own site.
We are happy to have your comments,
which are approved before they appear: please remember to be courteous and brief.
We accept only comments directly related to an article. We do not accept comment
spam - messages sent to more than one site. We do not publish comments if the
e-mail address is not legitimate. Thank you!
February 20th, 2011 at 3:20 pm
i was looking up the sizes of budget spendings n very surprise to see the sizes of deficits. i think it’s time they talk about something else, they all gone too way out large.