Current Japanese Fiscal Conditions and Issues to be Considered

<body text="#000000" background="cjfc/bkgrd.gif"> <div align="left"> <table cellspacing="0" cellpadding="3" width="100%"> <tr> <td nowrap valign="top" align="left"> <p align="left"><img border="0" src="../../../image/mofs.jpg" alt="mof" width="30" height="35"></p> </td> <td nowrap valign="bottom" align="right"><a href="../../index.htm" target="_top">[Home]</a></td> </tr> <tr> <td nowrap valign="top" align="right" colspan="2"><a href="budget.htm" target="_top">[Budget]</a></td> </tr> </table> </div> <div align="left"> <table border="0" cellpadding="3" cellspacing="0" width="100%"> <tr> <td valign="top" align="center" nowrap><b><font size="3"> </font><font size="4">Current Japanese Fiscal Conditions<br> and<br> Issues to be Considered<br> <br> </font></b><a target="_top" href="../../../jouhou/syukei/sy014.htm">[Japanese]</a></td> </tr> <tr> <td height="30" valign="top" align="right"><font size="2">2003</font></td> </tr> <tr> <td valign="top" height="30" align="center"><b><font size="2">Table of Contents</font></b></td> </tr> </table> </div> <div align="left"> <table border="0" cellpadding="0" cellspacing="0"> <tr> <td align="center" nowrap valign="top"><b>I</b></td> <td valign="top" width="5"></td> <td valign="top" align="left"><a href="cjfc_b.htm" target="main_f"><b>Composition of the General Account Budget for FY2003</b></a></td> </tr> <tr> <td align="center" nowrap valign="top"> </td> <td valign="top" width="5"> </td> <td valign="top" align="left"> <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111"> <tr> <td valign="top" align="right" nowrap><font size="2"><b>(</b></font></td> <td valign="top" align="left"><font size="2"><b>Reference)</b></font><br> <a target="main_f" href="cjfc_c.htm">Current Fiscal Management</a></td> </tr> <tr> <td valign="top" align="right" nowrap><font size="2"><b>(</b></font></td> <td valign="top" align="left"><font size="2"><b>Column)</b></font><br> <a target="main_f" href="cjfc_c3.htm">Primary Balance</a></td> </tr> </table> </td> </tr> </table> </div> <table border="0" cellpadding="0" cellspacing="0"> <tr> <td align="center" valign="top" colspan="3" height="10"></td> </tr> <tr> <td align="center" nowrap valign="top"><b>II</b></td> <td valign="top" width="5"></td> <td valign="top" align="left"><b>Current Fiscal Conditions and Issues</b></td> </tr> </table> <div align="left"> <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse" bordercolor="#111111"> <tr valign="top"> <td nowrap align="right" valign="top">1.</td> <td valign="top" align="left"><a href="cjfc_d.htm" target="main_f">Fiscal Developments</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">2.</td> <td valign="top" align="left"><a href="cjfc_e.htm" target="main_f">Trends of Government Bond Issues</a></td> </tr> <tr> <td nowrap align="right" valign="top">3.</td> <td valign="top" align="left"><a href="cjfc_f.htm" target="main_f">Trends of Accumulated Government Bonds Outstanding</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">4.</td> <td valign="top" align="left"><a href="cjfc_fa.htm" target="main_f">Long Term Debt Outstanding</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">5.</td> <td valign="top" align="left"><a href="cjfc_g.htm" target="main_f">International Comparison of Fiscal Conditions</a></td> </tr> <tr> <td nowrap align="right" valign="top">6.</td> <td valign="top" align="left"><a href="cjfc_h.htm" target="main_f">Structure of Expenditures and Revenues</a></td> </tr> <tr> <td nowrap align="right" valign="top">7.</td> <td valign="top" align="left"><a href="cjfc_j.htm" target="main_f">The Pressure of Government Bonds</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">8.</td> <td valign="top" align="left"><a href="cjfc_k.htm" target="main_f">Total Taxes, Social Security Contribution, and Fiscal Deficit as a Percentage of National Income</a></td> </tr> <tr> <td nowrap align="right" valign="top"> </td> <td valign="top" align="left"> <div align="left"> <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111"> <tr valign="top"> <td valign="top" align="right" nowrap><font size="2"><b>(</b></font></td> <td valign="top" align="left"><font size="2"><b>Column)</b></font><br> <a href="cjfc_l.htm" target="main_f">Development of a Rapidly Aging Society</a></td> </tr> </table> </div> </td> </tr> <tr> <td nowrap align="right" valign="top">9.</td> <td valign="top" align="left"><a href="cjfc_m.htm" target="main_f">Government Expenditures</a></td> </tr> <tr> <td nowrap align="right" valign="top"> </td> <td valign="top" align="left"> <div align="left"> <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse" bordercolor="#111111"> <tr valign="top"> <td valign="top" align="right" nowrap><font size="2"><b>(</b></font></td> <td valign="top" align="left"><font size="2"><b>Reference)</b></font><br> <a target="main_f" href="cjfc_m2.htm">Initiatives for Reform of the Fiscal Structure</a></td> </tr> </table> </div> </td> </tr> <tr> <td nowrap align="right" valign="top">10.</td> <td valign="top" align="left"><a href="cjfc_n.htm" target="main_f">Problems of Fiscal Deficits</a></td> </tr> </table> </div> <div align="left"> <table border="0" cellpadding="0" cellspacing="0"> <tr> <td align="center" valign="top" colspan="3" height="10"></td> </tr> <tr> <td align="center" nowrap valign="top"><b>III</b></td> <td valign="top" width="5"></td> <td valign="top" align="left"><b>The Future of Fiscal Administration</b></td> </tr> </table> </div> <div align="left"> <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse" bordercolor="#111111"> <tr valign="top"> <td nowrap align="right" width="20" valign="top">1.</td> <td valign="top" align="left"><a href="cjfc_o.htm" target="main_f">Social Security</a></td> </tr> <tr valign="top"> <td nowrap align="right" width="20" valign="top">2.</td> <td valign="top" align="left"><a href="cjfc_p.htm" target="main_f">Public Investment</a></td> </tr> <tr valign="top"> <td nowrap align="right" width="20" valign="top">3.</td> <td valign="top" align="left">Other Expenditures</td> </tr> </table> </div> <div align="left"> <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse" bordercolor="#111111"> <tr valign="top"> <td nowrap align="right" valign="top">(1)</td> <td valign="top" align="left"><a href="cjfc_q01.htm" target="main_f">Education</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(2)</td> <td valign="top" align="left"><a href="cjfc_q02.htm" target="main_f">National Defense</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(3)</td> <td valign="top" align="left"><a href="cjfc_q03.htm" target="main_f">Official Development Assistance (ODA)</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(4)</td> <td valign="top" align="left"><a href="cjfc_q04.htm" target="main_f">Agriculture, Forestry and Fisheries</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(5)</td> <td valign="top" align="left"><a href="cjfc_q05.htm" target="main_f">Science & Technology</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(6)</td> <td valign="top" align="left"><a href="cjfc_q06.htm" target="main_f">Energy</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(7)</td> <td valign="top" align="left"><a href="cjfc_q07.htm" target="main_f">Measures for Small and Medium-Sized Businesses</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(8)</td> <td valign="top" align="left"><a href="cjfc_q08.htm" target="main_f">Local Government Finances</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(9)</td> <td valign="top" align="left"><a href="cjfc_q09.htm" target="main_f">Subsidies for Local Governments, etc.</a></td> </tr> <tr valign="top"> <td nowrap align="right" valign="top">(10)</td> <td valign="top" align="left"><a href="cjfc_q10.htm" target="main_f">Personnel</a></td> </tr> </table> </div> <div align="left"> <table border="0" cellpadding="0" cellspacing="0"> <tr> <td align="center" valign="top" colspan="3" height="10"></td> </tr> <tr> <td align="center" nowrap valign="top"><b>IV</b></td> <td valign="top" width="5"></td> <td valign="top" align="left"><b>Initiatives for Fiscal Consolidation in Leading Industrialized Nations</b></td> </tr> </table> </div> <div align="left"> <table cellspacing="0" cellpadding="2" border="0"> <tr> <td nowrap align="right" width="20" valign="top">1.</td> <td valign="top" align="left"><a href="cjfc_s.htm" target="main_f">Initiatives in Leading Industrialized Nations</a></td> </tr> <tr> <td nowrap align="right" width="20" valign="top">2.</td> <td valign="top" align="left"><a href="cjfc_t.htm" target="main_f">Initiatives in the United States</a></td> </tr> <tr valign="top"> <td nowrap align="right" width="20" valign="top">3.</td> <td valign="top" align="left"><a target="main_f" href="cjfc_u.htm">Initiatives in the European Union</a></td> </tr> </table> </div> <p align="center"><img border="0" src="cjfc/mof_.gif" alt="Ministry of Finance" width="180" height="30"></p> </body>