The government of Geneva is forecasting a deficit of CHF 256 million for the 2024 budget.
It announced yesterday that while 256 million sounds like a great deal, it is actually only about half the deficit budgeted for the current year, which amounts to CHF 476 million.
The 2024 budget still has to be approved by the Grand Counsel.
Geneva’s annual budget is around CHF 10 billion.
Its current debt amounts to a little under CHF 11 billion.
Swiss Post announce job cuts
Swiss Post will eliminate up to 110 positions in 2027, blaming shrinking letter volumes and fewer over-the-counter transactions
Autumn arrives in Switzerland
The heatwave that has gripped Switzerland since May finally breaks tomorrow
Driver warning in Vaud
Drivers in western Vaud face four nights of disruption on the A1 next week.
Mixed results in school classrooms
Swiss 15-year-olds still rank among the world's best in maths and science, but their performance in reading and maths is sliding
Good news for household bills
Swiss households will pay a little less for electricity next year
Fuel reserves now in use
Switzerland is dipping into its emergency fuel reserves for the first time this year to keep petrol and diesel flowing
