In 2022, together, Switzerland’s cantons were expected to spend CHF 1.1 billion more than they brought in from taxes. In 2022, a total of 16 of Switzerland’s cantons had expected to register losses. Nidwalden budgeted a profit of CHF 1.5 million but only reached a profit of CHF 1 million. Neuchâtel budgeted a profit of CHF 10 million but only reached a profit of CHF 6 million. Zurich, which expected a loss of CHF 523 million ended up with a profit of CHF 543 million.

Source: Le News May 12, 2023 19:20 UTC