The government of Geneva is forecasting a deficit of CHF 256 million for the 2024 budget.
It announced yesterday that while 256 million sounds like a great deal, it is actually only about half the deficit budgeted for the current year, which amounts to CHF 476 million.
The 2024 budget still has to be approved by the Grand Counsel.
Geneva’s annual budget is around CHF 10 billion.
Its current debt amounts to a little under CHF 11 billion.
Geneva blindsided by car tax chaos
The Geneva government has been blindsided by the effect of the new car tax and are now scrabbling to explain why.
Govt backs foie gras
The Federal Council has come down firmly on the issue of foie gras.
Fairmont to close for 3 yrs
The Geneva luxury Fairmont Hotel on the Quai Wilson will close its doors for renovation next month. The work could last for up to three years.
Long term plans for atom waste dump
The time frames are immense – but plans have been revealed on a new nuclear waste storage site, which, by law, has to be viable for a million years.
A12 closed after snow triggering crash
A section of the A12 autoroute running between Vevey and Châtel-St-Denis was closed over night following a multicar pile up, caused by the snow.
Woman seeks life saving savior
A young woman in Geneva has launched a search for the woman who saved her life when she was swept away by the Rhone last spring.
