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First extrapolation for 2025: financing deficit of CHF 200 million
The Federal Council was informed about the current extrapolation on August 13, 2025. According to this first extrapolation, the Confederation is anticipating a financing deficit of CHF 200 million for this year. A deficit of CHF 800 million had been budgeted. The improvement can be explained primarily by much higher tax receipts.
Federal Council initiates consultation on automatic exchange of information with eight more partner states
During its meeting on 13 August 2025, the Federal Council initiated the consultation on the introduction of the automatic exchange of financial account information (AEOI) with eight more states. The AEOI with these partner states is scheduled to enter into force on 1 January 2027, with the first exchange of data to take place in 2028. By expanding its AEOI network, Switzerland is reaffirming its commitment to compliance with international standards. The consultation will run until 14 November 2025.
US tariffs: Federal Council to continue negotiations with the United States
On 7 August, the Federal Council acknowledged that additional tariffs of 39% are now being applied to Swiss products entering the United States. It remains firmly committed to pursuing discussions with the US with the aim of reducing these tariffs as swiftly as possible. The Federal Council is maintaining close contact with US authorities and the affected industry sectors. It will also shortly engage in detailed discussions on potential relief measures for Swiss businesses and continue to assess the need for further economic policy action.