Author (Person) | Geiser, Urs |
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Series Title | Swissinfo.ch |
Series Details | 11.02.15 |
Publication Date | 11/02/2015 |
Content Type | News |
Switzerland recorded its first budget deficit in a decade, following lower than expected tax revenues. The government announced a CHF124 million ($134 million) deficit for 2014, after initially forecasting a surplus of CHF121 million. Finance Minister Eveline Widmer-Schlumpf said the shortfall in the federal accounts was notably as a result of a lower income tax take from businesses and citizens. |
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Source Link | Link to Main Source http://www.swissinfo.ch/eng/switzerland-sees-first-deficit-in-nine-years/41267938 |
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Countries / Regions | Switzerland |