After weeks of deliberation in the House of Representative’s Finance Committee, the upshot is additional funds for agriculture, offset by reductions in asylum and regional policy.
This content was published on
2 minutes
Keystone-SDA
The intricacies of the discussions were compounded by debates surrounding the debt ceiling.
Shortly before the end of the budget deliberations, there was a structural deficit of CHF75.4 million ($85.3 million), as the parliamentary services announced on Thursday. As this would not have fulfilled the requirements of the debt brake, the committee decided to revert to some of the decisions it had already made and save CHF85 million.
According to the press release, the bottom line is that the 2024 budget now shows a slight structural surplus of CHF9.6 million. In the overall vote, the committee approved this version of the budget by 11 votes to 1 with 13 abstentions, which could indicate an animated debate in December.
There are numerous changes compared to the Federal Council’s proposal. In a nutshell, agriculture is to receive almost CHF70 million more, to the detriment of social assistance for asylum seekers, temporarily admitted persons and refugees (CHF30 million less) and regional development (CHF25 million less).
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Culture
Wealth is not all: how gentrification in Zurich has led to housing shortage
Swiss invention: 90-year anniversary of first T-bar ski lift
This content was published on
On Monday it will be 90 years since the world’s first T-bar ski lift went into service in Davos. This Swiss invention was an instant success.
Iran summons Swiss ambassador over US and Italy arrests
This content was published on
Iran has summoned the Swiss ambassador, who represents US interests, to protest against the arrest in the US and Italy of two Iranians.
Swisscom receives greenlight for acquisition of Vodafone Italia
This content was published on
The takeover of Vodafone Italia by Swisscom is nearing completion. All relevant authorities have now approved the €8 billion (CHF7.45 billion) deal.
Novo Nordisk stock market plunge drags down Swiss device maker Ypsomed
This content was published on
The Danish pharmaceutical giant, Novo Nordisk, faced setbacks on Friday that weighed on the share price of Swiss injection device manufacturer Ypsomed.
Swiss press react to EU deal with mix of euphoria and scepticism
This content was published on
Swiss media reaction to the agreement between Switzerland and the EU varies widely. Some are celebrating, while others worry about what is to come.
Swiss Solidarity donations to tackle child abuse top CHF4 million
This content was published on
Swiss Solidarity, the humanitarian arm of the Swiss Broadcasting Corporation (SBC), has raised over CHF4 million ($4.3 million) to tackle child abuse.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.