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Government budget and revenue in Iwaki, Japan: official figures

The municipal government of Iwaki took in 162.3 billion yen in fiscal 2022 (final accounts), 487,515 yen per resident, 102nd highest of 262 cities.

How much does Iwaki spend per person?

The municipal government of Iwaki spent 155.3 billion yen in fiscal 2022, 466,535 yen per resident, 103rd highest of 262 cities; revenue was 7.0 billion yen above spending.

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

How much tax does Iwaki collect?

Local taxes raised 51.8 billion yen in Iwaki in fiscal 2022, 31.9% of total revenue (155,585 yen per resident), 91st 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 Iwaki?

The fiscal strength index of Iwaki was 0.79 for fiscal 2022 (a three-year average), joint 130th highest 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 Iwaki run a budget surplus?

The real balance ratio of Iwaki was 7.9% 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 Iwaki have?

The real debt service ratio of Iwaki was 8.7% 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 Iwaki compares with other cities in Japan

Municipal spending per resident (fiscal 2022)

Iwaki ranks 103 of 262, highest first. Final accounts of the municipal government divided by the 2020 census population

RankCityMunicipal spending per resident
100Maebashi468 thousand yen
101Tsukuba467 thousand yen
102Matsusaka467 thousand yen
103Iwaki467 thousand yen
104Tokyo465 thousand yen
105Sano465 thousand yen
106Matsumoto464 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)

Iwaki ranks 172 of 262, highest first.

RankCityLocal taxes as a share of municipal revenue
169Ube32.4%
170Kobe32.2%
171Sano32.1%
172Iwaki31.9%
173Ome31.8%
174Daito31.7%
175Kawanishi31.6%
Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

Fiscal strength index (fiscal 2022)

Iwaki ranks 134 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
131Takamatsu0.79
132Ichinomiya0.79
133Otsu0.79
134Iwaki0.79
135Maebashi0.79
136Tokushima0.79
137Itami0.79
Source: Statistics Bureau of Japan, Ministry of Internal Affairs and Communications · saved copy

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Sources

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