The Canton of Zurich has reported a surprising budget surplus of 150 million Swiss francs for 2024, despite initially forecasting a deficit of 319 million.

This financial turnaround was driven by record tax revenues, which exceeded expectations by 565 million francs, and additional gains from property revaluations and reduced interest expenses.

However, the canton also faced criticism for its rising expenditures, which grew by 600 million francs, and a significant increase in public sector jobs, adding over 1,600 positions in 2024. Political debates are intensifying over proposed corporate tax cuts and measures to curb government spending.

While some argue that tax reductions will boost the economy, others warn of potential risks to public investments.