Thursday , June 17 2021

Ulye Maurer pays off – Bund earns 3 billion profits

The state budget bill for 2018 closes 2.7 billion Swiss francs better than projected in the budget. So Ulye Maurer's Finance Ministry is wrong again. The federal government expects only a small profit of 294 million francs.

Savings, savings, savings are announced in the federal government to get black zero. And now the government bill 2018 again shows billions of profits. While AHV lacks money and is always told that we can not afford measures against global warming, Ueli Maurer's (68, SVP) bill again costs billions.

This time, it must be 3 billion francs, who can expect the federal treasury, estimates "Tages-Anzeiger". Finance Minister Maurer is expected to announce the amount this afternoon.

Revenue is underestimated

"For several years, the federal government has underestimated revenue inertia," said CVP adviser and tax expert Erich Ettlin (56) for a good result compared to the newspaper.

In fact, instead of the budget of 71.3 billion francs, the state had to get another 2.2 billion euros. Above all, the income from the withholding tax should again be too low.

But the cost of the administration had to be lower than planned.

Is this a "system"?

MS's National Councilor Matthew Mayer (31) believes there is a "system". Revenue will be assessed pessimistically and consequently the important public benefits will be diminished, it is quoted in "Tages-Anzeiger". Critics also complain that after important investments they will fail.

The fault of the mess is from Meyer's point of view, the debt brake. This mechanism has been introduced to balance the state budget.

Basically, it's about spending through a business cycle, costs can not be higher than revenue – a-la "except in time, you're in trouble."

"Economic Buffer" for Switzerland

The FDP Council, Philip Müller, exhorted: "We need to enjoy surpluses and debt reduction. This is our economic buffer. He also recalls that important projects such as the abolition of marriage sanction and the long-term reorganization of retirement costs cost money. (Pt)

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