Switzerland slides into deficit on surprise 9% revenue fall

The Swiss government said Wednesday it suffered its first federal budget deficit in nearly a decade last year following a surprise nine percent drop in tax revenue. The deficit of 124 million Swiss francs (118.5 million euros or $133.8 million) was the first since 2005, and was also a surprise as Bern had forecast for 2014 a budget surplus of 121 million francs. Swiss Finance Minister Eveline Widmer-Schlumpf said "we will investigate" the 2.4 billion franc shortfall in revenues. In 201