Overview Credit context and assumptions Base-case expectations Switzerland's economy remains resilient against challenging macroeconomic conditions. The cantonal tax base will remain robust and will continue to increase through our forecast. The canton continues to benefit from Switzerland's highly predictable and supportive institutional framework for regional governments. The financial management will remain committed to fiscal discipline and continue to implement cost-saving measures. We expect the financial management to balance long-term strategic initiatives with budgetary constraints thereby facilitating continued compliance with the debt brake rule. Sound budgetary performance will aid in debt reduction while maintaining strong liquidity levels. Despite external headwinds, we expect Basel-Country's economic fundamentals to remain strong. As we expect regional economic growth to track national trends, cantonal tax revenues
