[ad_1]
In the 2021 budget, the government assumes a surplus of 3.2 million francs, and in 2024 there should be another 38 million francs.
The effects of the Corona crisis are remarkable, the Baselbiet church and finance administration said at a news conference on Wednesday. The expected tax revenue for 2021 would be 48 million Swiss francs below the originally forecast value. In the current year, the canton expects a deficit of 18 million francs instead of the originally budgeted surplus of around 37.1 million francs.
Optimistic about the future
However, the positive economic forecasts for the next few years allow the canton to look to the future with optimism. According to the government, the fact that it is expected to be in the black in planning years 2021-2024 is also due to the fact that it has used the narrow financial margin for action “responsibly.” In the current situation, however, the forecasts are “fraught with great uncertainties,” they say.
The 2021 budget shows an increase in revenue of one percent, which is mainly attributed to a higher distribution of profits from the National Bank. On the other hand, the canton expects spending to be 2.2 percent higher. This is largely the result of a balance sheet deficit stemming from the reform of the Basellandschaftliche pension fund.
