Swiss Cantons Perform Well in Public Debt
Published: Tuesday, Oct 10th 2023, 10:50
تم التحديث في: الجمعة، 13 أكتوبر 2023، الساعة 14:12:14
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The public finances in Switzerland are still healthy compared to many EU countries. Despite the increase in debt due to Covid measures, the country is doing better than most other countries in terms of the so-called "fiscal gap". This indicates how much a country's budget deficit would need to be adjusted to reach the Maastricht criterion of a maximum government debt of 60% of gross domestic product within twelve years. The fiscal gap of Switzerland is either zero or negative, meaning that the budget balances do not need to be adjusted to meet the Maastricht criterion by 2035. In comparison, many EU countries have difficulty reaching this goal. Switzerland also has a lower tax burden for companies and individuals than most other regions, which is sustainable in the long term according to BAK Economics.nn
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