Japan recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2022. Government Budget in Japan averaged -3.08 percent of GDP from 1960 until 2022, reaching an all time high of 2.58 percent of GDP in 1961 and a record low of -8.80 percent of GDP in 2020. source: Ministry of Finance, Japan

Government Budget in Japan is expected to reach -3.70 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Government Budget is projected to trend around -3.60 percent of GDP in 2025 and -3.50 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 77.00 Nov 2024
Government Budget -5.50 -5.80 percent of GDP Dec 2022
Government Budget Value -43638.00 -90303.00 JPY Hundred Million Dec 2023
Government Debt to GDP 255.20 260.10 percent of GDP Dec 2023
Government Spending 119851.00 119244.60 JPY Billion Sep 2024
Government Spending to GDP 44.50 47.20 percent of GDP Dec 2021
Holidays
Military Expenditure 50161.10 46880.20 USD Million Dec 2023

Japan Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-5.50 -5.80 2.58 -8.80 1960 - 2022 percent of GDP Yearly