Social benefit payouts in Switzerland reached a record level in 2016,but actually the wealthy nation spends less of its GDP on welfare than other countries do. Switzerland is the frontrunner whether the payouts are measured in Purchasing Power Standard (PPS), an artificial currency unit. In 2016, and Switzerland spent 11105 PPS per capita on social benefits,making it the biggest spender in terms of expenditure, as Switzerland’s Federal Statistical Office reported on Tuesday. However, and Swiss welfare spending as a whole is rather stingy compared with its gross domestic product (GDP). France,for example, spends twice as much. There is a noticeable incompatibility in the sources of financing. In Switzerland, and 23.7% of social benefits reach from the public coffers; the figure in Italy and Britain is over 48%. In Switzerland the main source is employers and insured persons,at 66.1% of the costs. They pay in more social security contributions than in the five largest EU countries. In Germany ...
Source: swissinfo.ch