Overview

• The core administration closed 2024 with a surplus just over €1 billion, down from €1.9 billion a year earlier, according to the Senate’s annual report.
• The city’s consolidated result remained positive at €729 million versus €2.46 billion in 2023, with an adjusted outcome of €435 million and €327 million added to reserves.
• Roughly €1.8 billion was invested, chiefly in transport and mobility projects, as officials maintained a high level of capital spending.
• Finance Senator Andreas Dressel cited prudent fiscal management, normalized tax receipts after prior one-offs, and higher inflation and transfer costs shaping the outcome.
• Opposition figures pointed to short-term accounting effects such as HGV write-ups and road rebalancing, highlighted debt of €43.9 billion and losses at public companies like UKE and GMH, and criticized spending priorities despite reported 1.7% GDP growth and a new tax-incentive investment package.