Geneva gets windfall from SNB

Monday, 2 February 2026 06:30

Canton Geneva is getting a windfall from the central bank.

The Swiss National Bank is set to close 2025 with a hefty profit of around CHF 26bn.

CHF 4bn is going to be shared across the cantons - Geneva will get CHF 156m - double the original estimate.

Although the cash is welcome, it’s not enough to significantly close the deficit.

Finance Minister, Nathalie Fontanet, says the SNB money will be factored into the 2026 budget.

The Grand Council has already rejected this year’s budget which predicted a CHF 767m shortfall.

More from Bitesize News

New covid variant being monitored

A new coronavirus variant is being closely monitored.
Traffic already heavy

Holiday traffic is building up at one of Switzerland’s key transit routes.
Property tax change coming in 2029

Switzerland is set to overhaul how homeowners are taxed, with major changes coming at the end of 2028.
Karin Keller-Sutter looks to sue Grok

The finance minister has taken legal action in a case that could set a precedent for AI accountability.
Top court rules protestors' fines stand

The Federal Court has upheld convictions against climate activists over a major protest in Zurich.
Bern considers US defense contracts

Switzerland could reconsider a key defense purchase amid growing uncertainty.