In most States, requires the office of the Minister of Finance to suffocate very specific character traits: the willingness, every joy and every Arrogance of the government immediately in the Bud – because it was too expensive. And the ability of his colleagues cautiously to bad news, to prepare.
In Switzerland, it's different. If Ueli Maurer (SVP) today informed its Federal Council colleague, on the conclusion of the State in 2018, then he will need to especially a lot of Explanation. As research shows, has come out of the state budget last year, quite different than expected. Had budgeted the Confederation, with an increase of 294 million francs, almost a black Zero. The end of the year is a Surplus of rich 3 billion francs. It is the best final since 2010. A Record Result.
forecasts are almost every Time in addition,
This is manifested, for example, in the case of the state debt: for the First time since the nineties, the gross debt of the Federal government, under the mark of 100 billion Swiss francs. Last year alone, the financial management was able to reduce the foreign commitments of more than 5 billion Swiss francs. Since its peak in 2005, the debt was reduced by a total of 30 billion. The gross debt ratio, which is also the gross domestic product taken into account, is now 15 percent. In order for you is so deep since 1992. In the meantime, it had risen to 26 percent.
If, under financial politicians, nevertheless, not a champagne kind of mood, especially because the state nourishes bill 2018 already existing doubts. On the one hand, to the rigid mechanism of the debt brake, on the other hand, the precision of the work of the financial management. With your predictions for the officials in addition have been available for some time, almost every Time. Always, the Budgets were balanced almost. Almost always there is a Surplus in the billions showed up at the end.
"This difference is indeed great," says CVP-Ständerat and tax expert Erich Ettlin across the State in 2018. "For several years, the Federal government underestimated the dynamics on the revenue side. You must watch carefully." The management could not but pass over, to budget more optimistic, says Ettlin. "That's not necessarily accurate."
SP-national councillor Mattea Meyer is annoyed about the large difference between Budget and accounts. "It's just amazing," she says. Year for year, the Parliament removal programs strings, "and then the Federal government at the end still has a massive Surplus". Mattea Meyer no longer believes in coincidence. "The System." The future revenue will be pessimistically estimated and, in consequence, important public benefits are being reduced – to the detriment of the population. This mechanism is due to the debt brake.
the Surplus in 2018, came on the one hand, due to budget discipline by the administration. The expenditure amounted to around CHF 70.5 billion and remained around 500 million under Budget. Main responsible for the result, however, is that the revenue have developed more favourably than expected. Instead of the budgeted 71.3 billion Swiss francs, the Federal government has taken in the last year of 73.5 billion.
mystery of recoveries
The largest deviation from expectations was in the case of the withholding tax. The Confederation has a revenue of 7.7 billion Swiss francs. 1.6 billion more than expected. Thus, the Trend of the last years is confirmed: The revenue from the withholding tax grow faster than the reimbursements, are made by the company and the cantons asserted. The Department of Finance believed that the reason for this Overshooting is to look at the negative interest rate environment. Large companies are delaying the refund of your overpayment of the withholding tax as long as possible in order to avoid interest costs. The Department of Finance anticipates that the recoveries increase as soon as the level of interest rates turning Positive again.
SP-a financial politician Mattea Meyer acknowledges that precise forecasts for the withholding tax to be difficult. The Federal government is trying too little. "I expect that the financial administration is under the Federal Council Ueli Maurer to the bottom of it. We need to know where we stand."
FDP Council of States Philipp Müller wants to practice no criticism of the financial forecasts of the Federal government. "We should be happy of removal of Surpluses and the debt. This is our economic buffers." With the tax-AHV-template a business to come in may, in addition to the urn, the is the Switzerland of Central, but would lead to more spending. Other important projects, such as the abolition of the marriage penalty, as well as the longer-term restructuring of the pension scheme, are already planned. (Editorial Tamedia)
Created: 12.02.2019, 22:12 PM