Japan recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2022. This dataset provides - Japan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in Japan was estimated at -62.67 billion U.S. dollars in 2024. Between 1980 and 2024, the budget balance rose by 13.46 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by 149.63 billion U.S. dollars from 2024 to 2030, fluctuating as it trends downward.

The budget balance in relation to the gross domestic product (GDP) in Japan was estimated at -1.53 percent in 2024. Between 1980 and 2024, the budget balance rose by 2.89 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by 2.87 percentage points from 2024 to 2030, fluctuating as it trends downward.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Japan recorded a government budget deficit of 297690 JPY Hundred Million in the second quarter of 2025. This dataset provides - Japan Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Monthly and long-term Japan Fiscal Balance data: historical series and analyst forecasts curated by FocusEconomics.

Key information about Japan Consolidated Fiscal Balance

• Japan Consolidated Fiscal Balance recorded a deficit equal to 331.331 USD bn in Dec 2023, compared with a deficit equal to 397.694 USD bn in the previous year.
• Japan Consolidated Fiscal Balance data is updated yearly, available from Dec 1995 to Dec 2023, with an average ratio of -326.578 USD bn.
• The data reached an all-time high of -150.272 USD bn in Dec 1997 and a record low of -748.714 USD bn in Dec 2020.

CEIC shifts year-end for annual Consolidated Fiscal Balance and converts it into USD. Consolidated Fiscal Balance is calculated as Total Revenue excluding Revenue from Government Bond less Expenditure. The Ministry of Finance provides Consolidated Fiscal Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Consolidated Fiscal Balance is in annual frequency, ending in March of each year.

Japan recorded a Government Debt to GDP of 236.70 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Japan Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Spending in Japan increased to 120025.80 JPY Billion in the third quarter of 2025 from 119409.20 JPY Billion in the second quarter of 2025. This dataset provides - Japan Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Japan Government Debt: % of GDP

• Japan Government debt accounted for 212.1 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 213.9 % in the previous quarter.
• Japan government debt to GDP ratio data is updated quarterly, available from Dec 1994 to Sep 2025.
• The data reached an all-time high of 225.8 % in Mar 2021 and a record low of 55.9 % in Dec 1994.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bank of Japan provides Government Debt in local currency. The Economic and Social Research Institute provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Japan Government Debt: % of GDP

• In the latest reports, Japan National Government Debt reached 9,012.6 USD bn in Sep 2025.
• The country's Nominal GDP reached 1,077.6 USD bn in Sep 2025.

In 2023, the negative fiscal balance of the general government in Japan accounted for around *** percent of the gross domestic product (GDP). A negative fiscal balance means that government expenditures exceeded revenues.

Japan JP: General Government: Primary Balance: % of GDP data was reported at -1.815 % in 2023. This records a decrease from the previous number of -1.773 % for 2022. Japan JP: General Government: Primary Balance: % of GDP data is updated yearly, averaging -3.557 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 3.218 % in 1990 and a record low of -9.284 % in 2009. Japan JP: General Government: Primary Balance: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Japan – Table JP.IMF.FM: Government Finance Statistics.

Key information about Japan National Government Debt

• Japan National Government Debt reached 9,396.6 USD bn in Apr 2023, compared with 9,570.6 USD bn in the previous month.
• Japan National Government Debt data is updated monthly, available from Apr 1982 to Apr 2023.
• The data reached an all-time high of 12,619.3 USD bn in Sep 2012 and a record low of 422.2 USD bn in Oct 1982.

CEIC converts monthly Government Debt into USD. The Bank of Japan provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Japan National Government Debt

• In the latest reports, Japan Consolidated Fiscal Balance recorded a deficit equal to 6.2 % of its Nominal GDP in Mar 2024.
• The country's Government debt accounted for 226.1 % of its Nominal GDP in Mar 2023.
• Japan Nominal GDP reached 1,080.1 USD bn in Mar 2023.

Japan Central Government Operations: Balance (Deficit/Surplus) data was reported at -43,350.000 JPY hm in Dec 2024. This records an increase from the previous number of -109,538.000 JPY hm for Sep 2024. Japan Central Government Operations: Balance (Deficit/Surplus) data is updated quarterly, averaging -80,543.454 JPY hm from Mar 2008 (Median) to Dec 2024, with 68 observations. The data reached an all-time high of 205,373.000 JPY hm in Mar 2024 and a record low of -449,236.693 JPY hm in Jun 2020. Japan Central Government Operations: Balance (Deficit/Surplus) data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.F037: Central Goverment Operations.

In 2023, the primary balance of the general government in Japan was negative, equivalent to around *** percent of the gross domestic product (GDP). The primary balance is the government's fiscal balance excluding debt servicing costs.

Around ** percent of the revenue in the Japanese government's initial general account budget for the fiscal year 2025 was planned to come from taxes. Special deficit-financing bonds accounted for about ** percent of the general account revenue budget.

Forecast: Social Security Government Fiscal Balance in Japan 2024 - 2028 Discover more data with ReportLinker!

Japan: Budget balance forecast, percent of GDP: Für diesen Indikator stellen wir Daten für Japan von 1994 bis 2030 bereit. Der durchschnittliche Wert für Japan in diesem Zeitraum lag bei -5.07 Prozent mit einem Minimum von -8.32 Prozent im Jahre 2010 und einem Maximum von -2.35 Prozent im Jahre 2023. Der neuste Wert aus dem Jahr 2030 liegt bei -5.3 Prozent. Zum Vergleich: Der Weltdurchschnitt im Jahr 2030, basierend auf 81 Ländern, liegt bei -2.33 Prozent.

Japan JP: Net Incurrence of Liabilities: Total data was reported at 22,224,100.000 JPY mn in 2017. This records an increase from the previous number of 12,981,200.000 JPY mn for 2016. Japan JP: Net Incurrence of Liabilities: Total data is updated yearly, averaging 31,391,550.000 JPY mn from Mar 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 69,666,200.000 JPY mn in 2004 and a record low of -7,759,000.000 JPY mn in 1992. Japan JP: Net Incurrence of Liabilities: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Japan JP: General Government: Primary Balance data was reported at -6,960.865 JPY bn in 2026. This records an increase from the previous number of -11,852.201 JPY bn for 2025. Japan JP: General Government: Primary Balance data is updated yearly, averaging -10,503.570 JPY bn from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 14,762.666 JPY bn in 1990 and a record low of -47,124.000 JPY bn in 1998. Japan JP: General Government: Primary Balance data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Government Accounts: General Government: Forecast: OECD Member: Annual. NLGX - General government primary balance General government net lending excluding net interest payments OECD calculation, see OECD Economic Outlook database documentation

Japan Fiscal Balance: GT: excl RM: % of Nominal GDP data was reported at -0.500 % in 2035. This records a decrease from the previous number of -0.400 % for 2034. Japan Fiscal Balance: GT: excl RM: % of Nominal GDP data is updated yearly, averaging -3.700 % from Mar 2003 (Median) to 2035, with 33 observations. The data reached an all-time high of -0.200 % in 2032 and a record low of -10.200 % in 2021. Japan Fiscal Balance: GT: excl RM: % of Nominal GDP data remains active status in CEIC and is reported by Cabinet Office. The data is categorized under Global Database’s Japan – Table JP.F009: Central and Local Government: Public Finance.