Swiss lawmakers slash $2.22 billion from relief programme by 2029
The Swiss finance committee has proposed significant cuts to a government relief programme. The changes aim to reduce spending by CHF1.79 billion ($2.22 billion) over the next three years. Lawmakers have described the original plan as ambitious but now seek adjustments to balance financial stability.
The committee has adopted roughly 80% of the government’s initial proposals. However, it has also decided to shrink the programme’s scope for 2027 by CHF603 million. Further reductions are planned for 2028 and 2029.
The proposed cuts would save CHF1.79 billion by 2029. The next steps involve parliamentary discussions in December and March. The outcome will determine how the relief programme is implemented in the coming years.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
