The Swiss Federal Department of Finance released that the Confederation is forecasting the excess budget of this year CHF0.3bn (USD0.33bn) on 1 November 2013. Switzerland’s budget presented for a shortage of CHF0.4bn in 2013.

Revenues are expected to be CHF0.8bn less than provided for in the budget of 2013. Federal direct tax revenues are expected to be down EUR.6bn, while income from value-added tax (VAT) and from the levy implements on heavy goods vehicles is presumed to fall by CHF0.1bn. Revenues obtain from the casino tax, stamp duty, and “sanction tax” applied to tourist vehicles, as part of efforts to decrease carbon dioxide ejection that are not presumed to reach the amounts budgeted.

 

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