Poznań closes 2024 with strong budget execution and stable economic indicators

Poznań ended 2024 with a solid financial performance, achieving higher-than-expected revenue and managing its budget effectively. According to data from the city’s financial department, the budget revenues reached PLN 6.36 billion, surpassing the planned amount by 0.8%. This figure represents a 23.8% increase compared to the revenue collected in 2023. Meanwhile, budget expenditures amounted to PLN 6.26 billion, which is 95% of the annual spending plan, and 1.5% less than the total revenue, indicating a well-managed fiscal year.

A significant portion of the budget—31.3%—came from general subsidies and targeted grants from the state, while revenues from shares in personal and corporate income taxes accounted for 33.6%. Education and schooling received the largest allocation within the city’s expenditures, consuming 37.3% of the budget, followed by transport and communications at 21.5%, and public administration at 7.5%.

On the economic front, industrial production and construction activity remained steady. The city’s registered employment and wage levels showed stability, while tourism and public safety also featured in the latest statistics. As part of a comprehensive report prepared by the Statistics Office in Poznań, the quarterly bulletin captures a detailed picture of the local economy, including labor market trends, social services, and demographic data.

The publication, covering the fourth quarter of 2024, includes analytical insights across various sectors, and positions Poznań in relation to both the wider Wielkopolskie Voivodeship and other major Polish cities. Overall, the report reflects continued economic resilience in the city, supported by prudent fiscal policy and ongoing development across infrastructure and public services.

Source: Statistical Office Poznan