According to a press release issued by the FTA on 19 February 2020, the federal budget will close the year 2019 with a high ordinary surplus of CHF 3.1 billion. The budget was 1.2 billion. Half of the improvement is due to higher revenues and half to lower expenditures. Additional revenues were recorded above all in the areas of withholding tax and direct federal tax. Value-added tax, on the other hand, remained below expectations. The outlook for the years 2021-2023 is stable.
The press release is available here.
