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Government budget and revenue in Hofu, Japan: official figures

The municipal government of Hofu took in 50.9 billion yen in fiscal 2022 (final accounts), 446,266 yen per resident, 104th lowest of 262 cities.

How much does Hofu spend per person?

The municipal government of Hofu spent 48.4 billion yen in fiscal 2022, 424,929 yen per resident, 106th lowest of 262 cities; revenue was 2.4 billion yen above spending.

Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

How much tax does Hofu collect?

Local taxes raised 16.6 billion yen in Hofu in fiscal 2022, 32.5% of total revenue (145,220 yen per resident), 99th lowest of 262 cities by share; the rest came from national transfers, grants, borrowing and other income.

Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

How financially independent is Hofu?

The fiscal strength index of Hofu was 0.77 for fiscal 2022 (a three-year average), joint 111th lowest of 261 cities. It divides standard local revenue by standard spending needs; a value of 1 or more means the city can meet its standard needs from its own revenue.

Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

Does Hofu run a budget surplus?

The real balance ratio of Hofu was 8.6% in fiscal 2022: the year-end surplus as a share of its standard fiscal size.

Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

How much debt does Hofu have?

The real debt service ratio of Hofu was 3.3% in fiscal 2022, the burden of repaying borrowed money (a three-year average) relative to its fiscal size.

Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

How Hofu compares with other cities in Japan

Municipal spending per resident (fiscal 2022)

Hofu ranks 157 of 262, highest first. Final accounts of the municipal government divided by the 2020 census population

RankCityMunicipal spending per resident
154Tsu426 thousand yen
155Fujinomiya425 thousand yen
156Kodaira425 thousand yen
157Hofu425 thousand yen
158Fukaya425 thousand yen
159Odawara425 thousand yen
160Chofu422 thousand yen
Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

Local taxes as a share of municipal revenue (fiscal 2022)

Hofu ranks 164 of 262, highest first.

RankCityLocal taxes as a share of municipal revenue
161Matsuyama32.7%
162Matsumoto32.6%
163Yaizu32.5%
164Hofu32.5%
165Yao32.5%
166Kamagaya32.5%
167Minoh32.5%
Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

Fiscal strength index (fiscal 2022)

Hofu ranks 150 of 261, highest first. Standard local revenue divided by standard needs, a three-year average; 1 or more means no reliance on general central transfers.

RankCityFiscal strength index
147Abiko0.77
148Ikoma0.77
149Nasushiobara0.77
150Hofu0.77
151Fujimino0.77
152Okayama0.76
153Yamagata0.76
Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

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Sources

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