ZURICH, Feb 15 (Reuters) - The Swiss government ran up a
budget deficit of 4.3 billion Swiss francs ($4.65 billion) in
2022, it said on Wednesday, due to lower receipts and higher
spending on COVID-19 measures.
The shortfall meant Switzerland closed the year with a
higher deficit than is normally permitted under government rules
for the first time since 2005.
At this stage in the economic cycle a deficit of 300 million
francs would have been allowed, meaning the deficit was seen as
a structural rather than temporary situation, it said.
($1 = 0.9248 Swiss francs)
(Reporting by John Revill
Editing by Riham Alkousaa)
Messaging: john.revill.thomsonreuters.com@reuters.net))
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