{
Rosmarie Quadranti

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Switzerland proposes military budget increase while cutting development aid funding

The National Council's Finance Committee proposes increasing military spending by CHF 530 million while cutting development aid by CHF 250 million, sparking concerns from former parliamentarians about the negative impact on Switzerland's international reputation and humanitarian commitments. The financial showdown is set for December, with the Federal Council seeking CHF 11.3 billion in loans, including CHF 1.5 billion for Ukraine, further limiting resources for other countries. Critics warn that such cuts could lead to increased suffering and instability globally.
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Euro United States Dollar Swiss Franc Tamedia AG UKR CHE Rosmarie Quadranti Urs Schwaller Ignazio Cassis Eugen David Peter Bieri Show more
Finance & Economy, News Article
12:37 13.11.2024
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