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.

Key information about Japan Consolidated Fiscal Balance: % of GDP

• Japan Consolidated Fiscal Balance recorded a deficit equal to 6.2 % of its Nominal GDP in Mar 2024, compared with a deficit equal to 11.6 % in the previous year
• Japan Consolidated Fiscal Balance to GDP data is updated yearly, available from Mar 1996 to Mar 2024, with an average ratio of -6.8 %
• The data reached an all-time high of -3.5 % in Mar 1998 and a record low of -14.8 % in Mar 2021

The Ministry of Finance provides annual Consolidated Fiscal Balance as % of Nominal GDP. Consolidated Fiscal Balance is calculated as Total Revenue excluding Revenue from Government Bond less Expenditure. Consolidated Fiscal Balance for current and coming fiscal years is forecasted. The forecast for the current year is revised when the official Consolidated Fiscal Balance is released. Nominal GDP prior to 2012 is based on SNA 1993. Consolidated Fiscal Balance as % of Nominal GDP is in annual frequency, ending in March of each year.


Further information about Japan Consolidated Fiscal Balance: % of GDP

• In the latest reports, Japan National Government Debt reached 9,396.6 USD bn in Apr 2023
• Japan Nominal GDP reached 1,080.1 USD bn in Mar 2023

In 2024, the budget balance in Japan was estimated at approximately -101.76 billion U.S. dollars. Between 1980 and 2024, the figure dropped by around 25.63 billion U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the budget balance will steadily decline by about 150.54 billion U.S. dollars from 2024 to 2030.

The budget balance in relation to the gross domestic product (GDP) in Japan was estimated at approximately -2.48 percent in 2024. Between 1980 and 2024, the budget balance rose by around 1.94 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is expected to drop by about 2.82 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.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 18446 JPY Hundred Million in the first quarter of 2025. This dataset provides - Japan Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Government Spending in Japan decreased to 119949.50 JPY Billion in the first quarter of 2025 from 119983.80 JPY Billion in the fourth quarter of 2024. This dataset provides - Japan Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan JP: Net Incurrence of Liabilities: Total: % of GDP data was reported at 4.127 % in 2017. This records an increase from the previous number of 2.440 % for 2016. Japan JP: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 6.234 % from Mar 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 13.517 % in 2004 and a record low of -1.607 % in 1992. Japan JP: Net Incurrence of Liabilities: Total: % of GDP 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.; Weighted Average;

Tax and stamp revenues were planned to be the largest revenue sources for the initial general account budget in the fiscal year 2024, covering almost 62 percent of the planned total general expenditures in Japan. The consumption tax was to make up around 21 percent of the general account revenues in that year.

In 2022, the negative fiscal balance of the general government in Japan accounted for 4.2 percent of the gross domestic product (GDP). A negative fiscal balance means that government expenditures exceeded revenues.

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.; ;

Around 68 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 19 percent of the general account revenue budget.

Japan Fiscal Balance: PP: excl RM: Central Government: % of Nominal GDP data was reported at -2.700 % in 2035. This records a decrease from the previous number of -2.500 % for 2034. Japan Fiscal Balance: PP: excl RM: Central Government: % of Nominal GDP data is updated yearly, averaging -3.800 % from Mar 2003 (Median) to 2035, with 33 observations. The data reached an all-time high of -1.800 % in 2027 and a record low of -10.100 % in 2021. Japan Fiscal Balance: PP: excl RM: Central Government: % 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.

The budget balance in relation to the GDP in South Korea was forecast to continuously increase between 2024 and 2030 by in total 0.23 percentage points. The budget balance is estimated to amount to -0.41 percent in 2030. 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 expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Japan, Taiwan, and China.

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

In the fiscal year 2023, a total national tax revenue of around 77.4 trillion Japanese yen was reported in Japan. The main sources of national tax revenue were consumption tax, income tax, and corporation tax. Taxes and other government revenue Taxes are the main source of income for the government. They are collected to finance public services, infrastructure, and other government spending. Taxes accounted for around 62 percent of the government’s general account revenue. However, expenditure has exceeded the revenue from tax and other income sources for the past decades. To make up for fiscal deficits, government expenditure is partly financed by debt, such as special deficit-financing bonds and construction bonds. Local governments Taxes in Japan are levied by the central government and local governments. On the local level, taxes are collected on both, the prefectural and municipal level. Total tax revenue in Japan amounted to 122 trillion yen in fiscal 2023. The national tax revenue share in this was roughly 63 percent in the fiscal year 2022. At the same time, local government expenditure made up 56 percent of the total government expenditure in Japan. This is why a part of the national tax revenue is allocated to local governments, in the form of local allocation taxes, local transfer taxes, and special grants to local governments.

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.

This special topic poll, conducted March 20-22, 1990, examined Americans' attitudes toward Japan and was fielded for the Japanese broadcasting company NHK. Views were sought on whether the French and Japanese were as friendly as other people in the world and which group was more difficult for Americans to deal with. A series of questions addressed Japanese trade and investment in the United States, whether the federal budget deficit or the international trade deficit posed a bigger problem for the United States, whether an economically strong Japan threatened United States' national security, and whether the economic power of Japan or the military power of the Soviet Union was a bigger threat to the United States. Other topics covered recent trade disputes between the United States and Japan, reasons for the United States' trade deficit with Japan, the impact of Japan building up its military force, and stereotyped images of the Japanese people. Demographic variables include sex, age, race, education level, employment status, and household income.

This survey, in addition to assessing the Clinton presidency, focused on opinions related to Japan. Respondents were asked about Bill Clinton's handling of the presidency, foreign policy, and the economy. They were also asked about Clinton's economic plan and about his political orientation, leadership qualities, ability to deal with an international crisis, and concern for the needs and problems of people. Additional questions concerned the fairness of a gasoline tax to reduce the federal budget deficit, and whether the government works better when the president and the majority of Congress both belong to the same political party. Concerning Japan, respondents were asked to identify the country that would become the United States' most important economic and diplomatic partner in the next century, to describe present and future relations between Japan and the United States, to indicate their feelings toward Japan, to consider whether Japan would be the number one economic power in the world in the next century, and to describe the current condition of the Japanese economy. Respondents were asked whether Japanese companies were competing unfairly with American companies, whether the United States, Japan, or Germany made products and cars of higher quality, whether Japan was more advanced in high technology, and whether Japan would achieve a higher level of technology in manufacturing than the United States in the next century. Further questions concerning Japan dealt with trade, protectionism, the dispute with Russia over four islands captured by Russia during World War II, participation in international peace-keeping operations, and the provision of military and financial assistance in response to requests by allies. Additional topics included the North American Free Trade Agreement (NAFTA), Bosnia, Somalia, and immigration. The call-back portion of the survey focused on opinion regarding the American attack on the headquarters of the Iraqi Intelligence Agency in Baghdad in response to evidence of an Iraqi plot to assassinate then-President George Bush. Background information on respondents includes voter registration status, household composition, 1992 presidential vote, amount of attention paid to news about Japan and Russia, nationality of company that made respondent's car, political party, political orientation, marital status, religious preference, education, age, race, Hispanic origin, family income, and sex.

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.