The government passed the 2022 country budget and the associated finance law on Tuesday, as it announced on Wednesday.

Positive income statement due to higher income

A total of 845 million francs is estimated for operating income. This corresponds to a larger of 103 million or 13.9 percent compared to the 2021 estimate. After a slump in tax revenues was assumed in the 2021 estimate in the wake of the corona pandemic, this comparison of estimates now increases again by 100 million francs. The largest increase in income tax receipts, based on the existing tax returns and responses from relevant taxpayers, will be budgeted 55 million francs higher. Further additional income is expected from VAT, gambling tax, stamp tax and property and income tax, among other things.

On the side of the operating expenses, 33 million francs or 3.8 percent are calculated to a volume of 896 million francs. The strongest absolute increases in contribution benefits, which increase the previous comparison by a total of 12 million francs, increase from higher financial allocations and an increase in personnel expenses.

The operating result thus shows an expense surplus of CHF 50 million. the end. Including the financial result of 104 million francs, the expected profit in the income statement is 53 million francs.

Investment activity continues to grow

The gross investment volume amounts to 77 million francs in the coming year, especially taking into account increasing expenses for the ongoing building construction projects in the administration and school sector as well as for the new building of the state hospital and is 18 million francs above the level of the budget for 2021. After deducting the forecast investment income net investments of 62 million are estimated for the coming year.

In summary, the annual result in the income statement and the net investments after deducting the expenditure on administrative assets in the overall accounts result in a budgeted amount of 30 million francs.

The forecast slump in tax revenues is unlikely to materialize

For the current year, the government also expects a positive annual result in the income statement. With a profit of 35 million, this is well above the loss of 23 million francs estimated last year.

Since the slump in operating income forecast last year due to current tax estimates will probably not reach the expected level, the operating income in the presumed invoice for 2021 is 90 francs above the budget. This means that the 37 million Swiss francs higher operating expenses can be paid, most of which are related to the fight against the corona pandemic.

Due to the higher capital volume and taking into account an unchanged target return of 2.5 percent, the financial result is estimated to be 5 million francs higher than the budget for 2021. Taking into account the net investments of 38 million francs, the overall accounts for the current year are expected to close with a forecast cash inflow of 30 million francs, which is 62 million more than the cash outflow budgeted for 2021.