Fiscal Funds–Private Sector Balance (August Reiwa 8 Outlook)

In August Reiwa 8, payments such as scheduled pension payments are expected, while receipts of consumption tax, withholding income tax, and other items are expected, and government bonds and other items are also expected to show net receipts.

The document, titled “Fiscal Funds–Private Sector Balance (August Reiwa 8 Outlook),” was prepared by the Ministry of Finance and presents the balance outlook and a comparison with the same month of the previous year.

The main receipt dates are the 4th for taxes such as consumption tax and corporate tax and insurance premiums, and the 13th for withholding income tax.

The main payment dates are the 13th for payments such as contributions toward medical benefits for older adults and the 14th for scheduled pension payments.

The expected public offering amount consists of one offering of approximately 3.8–3.9 trillion yen and four offerings of approximately 3.7–3.8 trillion yen for three-month securities, one offering of approximately 3.5–3.6 trillion yen for six-month securities, and one offering of approximately 2.8 trillion yen for one-year securities. The public offering amount of short-term government securities may be changed depending on future cash management.