Swiss business backs multi-billion franc state savings plan

Several Swiss business associations are backing the government's proposed multi-billion franc savings package. +Get the most important news from Switzerland in your inbox Budget cuts are planned to lift the burden on federal finances. The government says this crucial for easing the debt brake and offers room for manoeuvre for investments. In view of the current geopolitical situation, investments are expected in defence capabilities, said the Swiss Business federation (economiesuisse), the Swiss Employers' Association (SAG), Swissmem and the Swiss Insurance Association. + Switzerland outlines budget plan to save billions of francs The consultation period for the proposed savings ended on Monday. "The business community expects parliamentarians to fulfil their constitutional responsibility," said Christoph Mäder, president of economiesuisse. Switzerland does not have a revenue problem, but an expenditure problem, he added. Attract foreign companies The business community has called ...