The Myth of the Family Silver

Switzerland has a broad portfolio of state controlled companies. But the financial risks of these groups, which have to face eve more competitive and global markets, are borne by taxpayers. Avenir Suisse’s new study is intended to prompt an essential debate on what risks should be carried by taxpayers, and where privatisation would be desirable from both a political and operating point of view.
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An endurance test for budgetary policy

Switzerland counts as a pinnacle of budgetary stability. But rising expenditure has led to higher burdens on the state. That has prompted calls to relax Switzerland’s trusted “debt brake” (a legislative mechanism forbidding state borrowing to exceed certain levels, ed) Such demands go against popular caution, as demonstrated by a survey by Avenir Suisse and the Sotomo research group. In view of what are likely to be steadily rising financial challenges, the debt brake should, if anything, be extended. Public opinion suggests savings should be concentrated on bureaucracy and agriculture.
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