France/Switzerland. As expected, 343 million border funds.

This upward trend has been ongoing since the 1990s.

France/Switzerland. As expected, 343 million border funds.

This upward trend has been ongoing since the 1990s. This year, the famous border funds increased. The State of Geneva provided figures for Wednesday, July 6, 2018, which showed that the Geneva financial compensation (CFG), amounts to 343 million Francs in 2022, compared to 326 million in 2021. This amount is what makes it possible for Geneva to pay the public taxes related to Ain and Haute-Savoie residents who live and work in Geneva. Geneva pays France 3.5% on the gross payroll of cross border workers. This is a good news for both the departments and the strong Swiss franc. The exchange rate is also at parity with that of the euro. In fact, border funds are paid in Swiss Francs which can then be converted into euros.

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