Canton of Lucerne again closes 2025 financial year with a surplus
Lucerne – The Canton of Lucerne closed the 2025 financial year with a surplus of CHF 338.2 million. Higher tax revenues from individuals and companies were the main drivers of the result. This marks the eighth consecutive year that the canton has reported a positive annual result.
According to a statement by the cantonal authorities, the Canton of Lucerne recorded a surplus of CHF 338.2 million for the 2025 financial year. The original budget had projected a deficit of CHF 31.3 million. The final result therefore exceeded the budget by CHF 369.5 million. Total cantonal expenditure amounted to around CHF 4.6 billion.
Higher tax revenues were a key factor behind the positive result. Overall, tax revenues and shares of federal revenues reached approximately CHF 2.45 billion, about CHF 256 million more than budgeted. Revenues from individuals totalled CHF 1.243 billion, exceeding expectations by CHF 101.6 million, while revenues from companies amounted to CHF 428.8 million, CHF 85.5 million above the budget.
In addition to stronger tax income, the result was supported by consistent budget discipline within the cantonal administration and a non-budgeted profit distribution from the Swiss National Bank of around CHF 96 million.
Following the positive financial result, the net assets of the Canton of Lucerne increased to CHF 811.5 million. At the same time, the financial statement complies with the canton’s debt brake requirements regarding net debt.
The cantonal government nevertheless emphasises that careful financial management remains essential despite positive results. Additional demands and costs are expected in areas such as education, security, healthcare and social services, requiring prudent planning. Moreover, the broader economic environment remains challenging due to geopolitical developments and global uncertainties.
Residents and businesses are also set to benefit from the positive result. As of 1 January 2026, the cantonal tax multiplier was reduced from 1.55 to 1.45 units. The cantonal government plans a further reduction to 1.40 units in 2027. At the same time, the canton is planning major investments, including in education and security infrastructure as well as in the expansion of mobility infrastructure.
