© Photo4dreams | Dreamstime.comFigures from the Federal Finance Administration (FFA) forecast a surplus of CHF 1.5 billion in 2022, an amount equivalent to 0.2% of GDP. Government expenditure in Switzerland is expected to be 33.6% of GDP in 2022, 1.6 percentage points above the pre-pandemic level of 32.0%. Switzerland’s overall public debt is likely to rise to a peak of CHF 324 billion. In addition, the Swiss National Bank (SNB) announced a loss of CHF 95.2 billion for the first half of 2022. By comparison, in the UK interest payments for the 2022/23 financial year are expected to make up 5.2% of public spending.

Source: Le News October 15, 2022 06:27 UTC