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Summary

Japan's FY2020 initial budget has a general account total expenditure of 160,260.7 billion yen, with social security expenditures, local allocation tax grants, and national debt services accounting for approximately three-quarters of the total expenditure. Tax revenue is estimated to be around 63,513.0 billion yen, which is only about two-thirds of the whole expenditure, with the rest relying on debt financing through government bond issuance. The budget includes 90,158.9 billion yen in government bond issuance, with 71,420.9 billion yen in special deficit-financing bonds and 18,738.0 billion yen in construction bonds. Primary expenses account for 85.0% of the total expenditure, with social security expenditure being the largest component at 25.3%.

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Japan's FY2020 initial budget has a general account total expenditure of 160,260.7 billion yen, with social security expenditures, local allocation tax grants,...

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  • File Size: 3.47 MB
  • Pages: 60
  • Language: EN
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