Swiss voters will decide four measures on 29 November 2026: a mandatory referendum on raising VAT to bolster AVS pension funding, popular initiatives limiting fireworks and ending tax disadvantages for married couples, and an optional referendum on amending the War Material Act to adjust arms export rules. Recent rejection of the strict neutrality initiative by roughly 70% signals voter preference for pragmatic foreign policy continuity and EU-aligned sanctions flexibility. Campaign dynamics center on fiscal sustainability for pensions, public safety and environmental impacts from fireworks, equity in federal taxation, and defense industry access to Western markets amid ongoing conflicts. Turnout, canton-level majorities for constitutional changes, and cross-party alliances will shape outcomes in Switzerland’s direct-democracy system.