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23 天前
Swiss government projects small 2018 budget surplus
2017年6月28日 / 中午11点30分 / 23 天前

Swiss government projects small 2018 budget surplus

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ZURICH, June 28 (Reuters) - The Swiss government projected a 0.1 billion Swiss franc ($104 million) structural budget surplus in 2018 even after curbing spending growth in some areas to offset higher costs for roads, pension reforms, security and refugees.

It foresaw a structural deficit of 0.1 billion in 2019 before returning to surpluses of 0.5 billion in 2020 and 0.9 billion in 2021, it said in a statement on Wednesday after a cabinet meeting. The 2017 surplus is seen at 0.1 billion.

Windfall revenue and falling debt service costs as a result of negative interest rates helped the federal budget swing to a surplus of 752 million Swiss francs in 2016.

$1 = 0.9596 Swiss francs Reporting by Michael Shields, Editing by John Miller

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