Geneva presents 2025 budget

Friday, 13 September 2024 06:30

Canton Geneva has published its budget for 2025 – and for the first time since 2015, the canton doesn’t expect a deficit for the coming year.

In fact, there should be a small surplus of just over 4 million francs.

The canton finds itself in the fortunate situation after showing an unexpected surplus of over a billion francs due to higher tax income.

The State Councillor, Antonio Hodgers, admits they have been a ‘little blessed by the gods’.

The budget also means the canton can cut its deficit and will also be able to handle possible tax cuts if passed by voters later this month.

More from Bitesize News

Confusion over US tarifs

Switzerland is weighing its response after the US Supreme Court struck down much of Donald Trump’s tariff regime.
Possible new Iranian meeting in Geneva this week

The Iranian foreign minister says there could be a new meeting with the American delegation in Geneva to discuss their nuclear program.
Driver tackles tunnel fire in Geneva

A young man is being praised for his bravery after he tackled a fire in the Vernier tunnel on the A1 just outside Geneva on Friday afternoon.
Avalanche claims another life

A 22-year-old skier has died in an avalanche in Verbier.
Now hairdressers charge for no-shows

No-shows are becoming an escalating problem for Swiss businesses.
Cat cancer may help humans

Researchers at the University of Bern say genetic changes in cat tumours closely mirror those seen in human breast cancer - a discovery that could open new paths for treatment.