Swiss army receives CHF500m extra funding boost

The Swiss army will have CHF530 million more than expected for armaments investments after a parliamentary chamber approved the increase. +Get the most important news from Switzerland in your inbox The House of Representatives pushed through the spending boost despite objections from left-wing and green parties. The decision means the army should be able to spend CHF 2.7 billion on armaments in the coming year. Some CHF 200 million is earmarked for longer-range ground-based air defense systems (Bodluv). The House of representatives wants military expenditure to reach 1% of GDP by 2030. Parliamentarians made corresponding increases in the financial plan years 2026 to 2028. Switzerland 'needs greater resilience' The conservative majority prevailed. In geopolitically tense times, it is important to increase spending on defense capabilities, was the tenor. The Centre and Radical party parliamentary groups also pointed out that the army was not sufficiently well equipped today. The ...