FY2025 General Account Settlement: ¥2.6088 Trillion Net Surplus

The Ministry of Finance presented the “FY2025 Settlement Overview” and the “Breakdown of the FY2025 General Account Settlement Overview,” organizing the General Account’s total revenue and expenditure settlements, revenue composition, major expenditure items, and surplus calculation results. Amounts are stated in 100 million yen, with amounts below 100 million yen rounded down.

The surplus under Article 4 of the Public Finance Act, corresponding to the difference between revenue and expenditures, was 15.7918 trillion yen. Excluding the 700 million yen remaining from surplus funds generated through FY2024, the newly generated surplus was 15.7910 trillion yen.

After deducting 12.1790 trillion yen from the newly generated surplus as a deduction in calculating the net surplus for sources of expenditure budgets carried forward to FY2026, the newly generated surplus after deducting resources for carried-forward expenditure budgets was 3.6120 trillion yen.

Revenue consisted of 3.5246 trillion yen in tax revenue, 988.0 billion yen in non-tax revenue, and 1.5127 trillion yen in government bond proceeds. Major tax revenue items were 597.5 billion yen in income tax, 2.1489 trillion yen in corporate tax, and 484.7 billion yen in consumption tax. Non-tax revenue included 940.3 billion yen in payments from the Bank of Japan. Of the government bond proceeds, construction bonds were shown as ▲0 and special deficit-financing bonds as ▲3.0000 trillion yen.

Major expenditure items included 396.4 billion yen for promoting the operation of the long-term care insurance system and 260.2 billion yen for national debt service. Total expenditures were organized as 2.0993 trillion yen.

In calculating the surplus, the amount deducted as resources for local allocation tax grants and other purposes was 1.0032 trillion yen. The surplus related to resources for reconstruction costs and reconstruction bond repayment costs was 300 million yen, and the surplus related to resources for advanced semiconductor and artificial intelligence technology costs was also 300 million yen. No amount applied to resources for costs related to the transition to a decarbonized growth-oriented economic structure. In the breakdown of resources for local allocation tax grants and other purposes, local allocation tax grants and other items were shown as 1.0024 trillion yen.

Non-tax revenue included 1 billion yen related to the reconstruction portion, consisting of funds carried forward from the first and second supplementary budgets for FY2011. The reconstruction portion consists of surplus funds related to funds carried forward from the third supplementary budget for FY2011 and FY2025. The portion for costs related to the transition to a decarbonized growth-oriented economic structure consists of surplus funds related to funds carried forward from the second supplementary budget for FY2022, while the portion for advanced semiconductor and artificial intelligence technology costs consists of surplus funds related to funds carried forward from the first supplementary budget for FY2024. Due to rounding down, the figures may not add up to the total, and “0” in the text means an amount below the stated unit.