Swiss cantons have presented their budgets for 2025 in recent weeks. The situation varies. Around half of the cantons are expecting to be in the red and the other half in the black. The financial situation of the cantons is developing positively in many places. The canton of Bern is expecting the largest surplus with a plus of CHF246 million ($354 million). Higher income was generated in the canton of Zug, for example, due to strong population growth and high-tax inward migration. + Get the most important news from Switzerland in your inbox In some cases, however, expenditure increased more than income. The canton of Vaud recorded the largest deficit, with a loss of CHF303 million. This is the largest deficit in 25 years for the western Swiss canton. + UBS lowers growth forecasts for Swiss economy in 2025 The cantons recorded the highest expenditure in the areas of education, social affairs and health. Costs in these areas have risen sharply across Switzerland. Translated from …