Frankfurt shines: 212 million euros surplus in the financial year!

Frankfurt am Main closed the 2024 financial year with a surplus of around 212 million euros, as reported hessenschau.de reported. This is the fourth year in a row that the city has posted a profit. A deficit of around 112 million euros was originally planned, but actual revenue significantly exceeded expectations.

The high income is primarily due to taxes and tax-like income, which account for almost three quarters of total income. Particularly noteworthy is the trade tax, which at 3.17 billion euros forms a central part of the sources of income and is 266 million euros above the original plan. However, the expenditure was 94 million euros over budget, which could influence the city administration's planning for 2025, which envisages a deficit of 90 million euros.

Detailed financial results

The annual financial statements for 2024 show a decent result of 281.85 million euros, an overall improvement of 323.85 million euros compared to the planning frankfurt.de informed. Ordinary income amounted to over 5.76 billion euros, which is 404.74 million euros above plan. Total expenses were also higher than in the previous year at 5.48 billion euros, with the largest expenses being for grants and grants as well as transfer expenses.

The city's reserves increased from 817.86 million euros to 1.10 billion euros, indicating an overall positive financial development. Despite these positive results, Kämmerer Dr. Bastian Bergerhoff cautions and points out future uncertainties with regard to the overall economic situation and tax revenues. For 2026, a single budget should be developed instead of a double budget in order to be able to react flexibly to economic fluctuations.