Record CHF15.5 Million Spent on Swiss Immigration Referendum Campaigns

Political groups in Switzerland are spending record amounts ahead of the upcoming “No to ten million” immigration referendum, with campaign budgets reaching CHF15.52 million so far.

According to figures released by the Swiss Federal Audit Office, this is the highest declared campaign spending since Switzerland introduced mandatory political budget reporting rules.

Swiss voters are scheduled to head to the polls on June 14 to decide whether stricter immigration limits should be introduced.

The campaign supporting the initiative has so far declared CHF6.44 million in funding. Much of the financial backing comes from the Swiss People’s Party, including contributions from current and former politicians as well as business figures linked to the party.

Meanwhile, opponents of the proposal have declared approximately CHF9 million in donations. More than CHF4 million reportedly comes from Economiesuisse, the Swiss Business Federation, which argues that restricting immigration could damage the country’s economy and labour market.

The “No to ten million” initiative has become one of the most politically divisive issues in Switzerland, with supporters arguing that population growth is placing pressure on housing, infrastructure, and public services. Opponents warn that limiting immigration could weaken economic growth, worsen labour shortages, and reduce tax revenues.

Campaign spending linked to another national vote concerning amendments to the Civilian Service Act remains comparatively modest and more balanced between supporters and opponents.

Political analysts say the sharp rise in referendum campaign spending reflects the growing importance of immigration and economic policy debates in Swiss national politics.