Covid will cost less than expected

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The latest numbers from the Finance Ministry are suggesting the cost of protecting the economy during the covid pandemic will be less than originally thought – by a billion francs.

The government ear-marked CHF 7.4bn – but its likely to come in at CHF 6.1bn. 

It will still push the budget into the red by CHF 4bn, but that’s a billion less than forecast.

The overestimate is down to fewer companies than expected applying for emergency funds. 

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