FY2025 Prefectural General Account Settlements:速報
Overview
To provide a timely picture of prefectural finances, a preliminary compilation was prepared using figures as of the end of August 2026. Revenue was 60.7 trillion yen and expenditure was 58.9 trillion yen, both higher than in the previous fiscal year. The real balance was a surplus of 841.1 billion yen, with every prefecture recording a surplus. The current account balance ratio was 93.0%, and the real debt service ratio was 10.2%. Outstanding local bonds totaled 81 trillion 8.9 billion yen, or 54 trillion 203.8 billion yen excluding temporary fiscal measure bonds. Figures are approximate and may change.
Key points
- The real balance was a surplus of 841.1 billion yen, and every prefecture recorded a surplus.
- Outstanding local bonds fell by 1 trillion 750.4 billion yen, while the balance excluding temporary fiscal measure bonds rose by 295.1 billion yen.
- Revenue was 60.7 trillion yen and expenditure was 58.9 trillion yen, both higher than in the previous fiscal year.
Overview
To provide a timely picture of prefectural finances, a preliminary compilation was prepared using figures as of the end of August 2026. Settlement amounts for recovery and reconstruction projects related to the Great East Japan Earthquake and national disaster prevention projects are labeled “Great East Japan Earthquake portion”; the amount remaining after subtracting these from the total is labeled “ordinary balance portion.” Figures are approximate and may change; values in parentheses show increases or decreases from the previous fiscal year. Totals may not match because values are rounded to the nearest displayed unit.
Details
Revenue comprised 60.4 trillion yen from the ordinary balance portion (up 0.9 trillion yen) and 0.3 trillion yen from the Great East Japan Earthquake portion (up 0.0 trillion yen). Expenditure comprised 58.6 trillion yen from the ordinary balance portion (up 1.0 trillion yen) and 0.3 trillion yen from the Great East Japan Earthquake portion (up 0.0 trillion yen).
Revenue increases were driven by a 1 trillion 114.4 billion yen rise in local taxes, reflecting factors such as higher salary income, and a 341 billion yen rise in national treasury disbursements, including an increase in the local revitalization emergency grant for priority support to address rising prices. Following the end of the fixed-amount tax cut implemented in FY2024, local special grants and related items fell by 332.7 billion yen.
Increased subsidies for replacing the one-device-per-student computers installed under the GIGA School Program contributed to a 1 trillion 294 billion yen increase in subsidies and other expenses; increased standalone project costs contributed to a 224.8 billion yen rise in ordinary construction project expenses. Fund reserve deposits fell by 430.6 billion yen.
The real balance fell by 83 billion yen, and the real single-year balance fell by 380.6 billion yen. Every prefectural entity recorded a surplus in its real balance.
The current account balance ratio rose by 0.8 percentage points, and the real debt service ratio rose by 0.1 percentage points.
Outstanding local bonds totaled 81 trillion 8.9 billion yen, down by 1 trillion 750.4 billion yen; the balance excluding temporary fiscal measure bonds was 54 trillion 203.8 billion yen, up by 295.1 billion yen.