The Swiss federal council said in a statement
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Switzerland expects a financing deficit of 1.5 billion Swiss francs ($1.71 billion) for this year, the government said on Wednesday, lower than the 4.8 billion francs previously expected in the budget.
The improvement is due to the fact that a 4-billion-franc rescue mechanism for the electricity industry in the extraordinary budget would probably not be needed, the Swiss federal council said in a statement. ($1 = 0.8780 Swiss francs) (Writing by Rachel More, Editing by Friederike Heine)
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