Tuesday, March 21, 2023

Keller-Sutter predicts austerity rounds

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For the years to come

Keller-Sutter predicts austerity rounds

Because of the expenses during the corona pandemic, Finance Minister Karin Keller-Sutter predicts savings rounds in the federal budget. “Not only for the year 2024, but also in the following years,” she told “Südostschweiz”.

Because of the expenses during the corona pandemic, Finance Minister Karin Keller-Sutter predicts savings rounds in the federal budget. “Not only for the year 2024, but also in the following years,” she told “Südostschweiz”. (archive image)

Due to the pandemic, the federal government resorted to extraordinary budgeting for the first time since the financial crisis that began in 2007. “And we have accumulated 30 billion francs in debt. That’s not nothing, »said Keller-Sutter in an interview published on Saturday. “Of course we had to act, but we will only see in the future whether we did it right or whether it was too much.”

According to the Minister of Finance, this state aid has almost become a matter of course. This is evident from the rise in energy prices. “The first thing I heard from a leading business association was that government bridging loans were needed. However, not every entrepreneurial risk can be cushioned.

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