The Swiss Times - Swiss News in English

Wallis Presents Balanced Budget 2024

The Wallis government expects a small surplus of 9.5 million francs in 2024. Expenditure and income amount to almost 4.5 billion francs. The government faces a challenge in the form of inflation, which leads to an increase in subsidies and construction costs. This balanced budget has only been achieved through considerable efforts by the various departments. Projects and investments are postponed or implemented in stages, and the state is foregoing the creation of urgently needed positions. In addition, the canton is tapping its reserves more strongly. In the next year, the government will spend more money in particular in the areas of health (+ 70.5 million francs), social welfare and equality (+ 26.2 million francs), universities (+ 11.7 million francs) or mobility (+ 11.4 million francs). For investments, the government plans to spend a gross of 643 million francs in the next year. This is less than in the budget 2023 (686 million francs), but significantly more than in the annual accounts 2022 (+ 16.1 percent). A total of 159.9 million francs is to be taken from the reserves. A dividend payment by the Swiss National Bank (SNB) is not budgeted for 2024, as it may not take place. To compensate for this, the government plans to draw 107.3 million francs from the compensation fund for revenue fluctuations in 2024. In addition, 18.7 million francs are to be taken from the financial policy reserve.nnnnnnnnnnnnnn

©Keystone/SDA

Most Read

Delivery Services in Switzerland Have New Competition

22 February 2024
Delivery service
An Austrian company opens it's first online supermarket outside the country. Targeting the greater Zurich area.

Murder in Frauenfeld: Trial for the Murder of an Egyptian

22 February 2024
Murder in Frauenfeld
Two men face murder charges over the 2007 killing of a 27-year-old Egyptian, whose body was discovered submerged in Barchetsee.

Swiss Semi-Conductor Government Initiative: Will it Work?

23 February 2024
Swiss semiconductor
SwissChips Initiative represents Switzerland's strategic move to bolster its semiconductor industry amidst global competition.

Swiss CEO Vranckx Moves to the Lufthansa Executive Board

23 February 2024
Swiss CEO
Swiss CEO Dieter Vranckx moves to Lufthansa as Chief Commercial Officer, after leading Swiss through challenging times.

Stay in Touch!

Noteworthy

Swiss biotech
Swiss Biotech Firm Idorsia: Stock Soars – but Why?
26 February 2024
Decathlon
Decathlon Opens 5 more Stores in Switzerland
26 February 2024