Tough financial times ahead for Valais

Valais is bracing for lean years, with the cantonal government looking to cut CHF 180 million from its budget by 2030

Every service of the state will have to tighten its belt, along with subsidised institutions and the communes themselves.

Finance minister Franziska Biner says the hunt is actually for CHF 270 million in options, to give the government room to manoeuvre.

The Confederation's own austerity plans will cost Valais tens of millions each year in lost revenue and extra charges.

A possible tax increase for higher earners is also on the table — the first in more than two decades.

 

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