After weeks of deliberation in the House of Representative’s Finance Committee, the upshot is additional funds for agriculture, offset by reductions in asylum and regional policy.
The intricacies of the discussions were compounded by debates surrounding the debt ceiling.
Shortly before the end of the budget deliberations, there was a structural deficit of CHF75.4 million ($85.3 million), as the parliamentary services announced on Thursday. As this would not have fulfilled the requirements of the debt brake, the committee decided to revert to some of the decisions it had already made and save CHF85 million. ...