Switzerland expects CHF800mn budget surplus for 2026

The Swiss government has announced a CHF800 million budget surplus for 2026, having initially forecast a large deficit. The revised figures come after parliament approved an austerity plan to prevent losses in the coming years. The government had forecast a deficit of CHF700 million for 2026, but the sharp rise in corporation tax revenue has improved the financial outlook, it said in a statement. The revenue forecast had already been revised upwards by CHF1.9 billion in June after several…