S+:Goal exceeded
S:Goal achieved
A:Considerable progress toward accomplishment
B:No major progress
C:No progress
| 1.General Goals | Rating | ||
|---|---|---|---|
|
General Goal 1(Public Finances) |
B |
||
|
General Goal 2(Tax System) |
A |
||
|
General Goal 3(Financial Management) |
A |
||
|
General Goal 4(Currency and Financial Systems) |
A |
||
|
General Goal 5(Global Economy) |
A |
||
|
General Goal 6(Fiscal and Economic Management) |
B |
||
| 2．Policy Goals | |||
|
Policy Goal 1: Maintain stable public finance |
|
||
|
1-1 |
Improve the efficiency and quality of public finance through prioritized allocations of budget |
B |
|
|
1-2 |
Secure the necessary government revenue |
B |
|
|
1-3 |
Improve transparency of budget enforcement and ensure proper budget enforcement |
S |
|
|
1-4 |
Disclose the information on the nation’s fiscal conditions accurately by compiling the settlement of accounts |
S |
|
|
1-5 |
Appropriately implement administrative tasks relating to local government revenue and expenditure, including the formulation of local government finance programs, as well as those relating to fiscal transfers between the national and local governments |
A |
|
|
1-6 |
Establish and properly operate fair, efficient, and transparent systems of public finance and accounting |
S |
|
|
Policy Goal 2: Proper and fair taxation |
|
||
|
2-1 |
Steadily implement a tax system that is designed to achieve a virtuous cycle of growth and distribution, consider a tax system that can adapt to structural changes in Japan’s economy and society and respond to urgent issues, and enhance PR focused on the tax system |
S |
|
|
Policy Goal 3: Appropriate management of national government assets and liabilities |
|
||
|
3-1 |
Ensure the smooth and secure issuance of Japanese Government Bonds and minimize medium- to long-term fundraising costs |
A |
|
|
3-2 |
Respond accurately to demand for funding on the part of agencies implementing the necessary projects targeted by the FILP (Fiscal Investment and Loan Program), promote disclosure, and enhance check functions in relation to such agencies |
S |
|
|
3-3 |
Enhancement of the proper management/disposal, effective use and provision of information on national property, including government buildings and housing for central government officials |
S |
|
|
3-4 |
Manage treasury funds efficiently and accurately |
S |
|
|
Policy Goal 4: Maintain credit to the nation’s currency and credit |
|
||
|
4-1 |
Ensure the smooth supply of currency and prevent its counterfeiting and forgery |
S |
|
|
4-2 |
Develop and operate an appropriate financial safety net, and respond promptly and accurately to financial crises |
S |
|
|
Policy Goal 5: Maintain trade order and promote the sound development of trade |
|
||
|
5-1 |
Set appropriate tariff rates and improve the customs system, taking into account domestic and international economic conditions |
S |
|
|
5-2 |
Maintain and strengthen the multilateral free trading system, and promote economic partnerships and trade facilitation in customs-related fields |
S |
|
|
5-3 |
Ensure proper imposition and collection of customs duties and taxes, prevent smuggling of socially undesirable items, and improve the user-friendliness of customs procedures |
A |
|
|
Policy Goal 6: Promote Stable and sound development of the international financial system and economic and social development in developing countries |
|
||
|
6-1 |
Ensure stability in foreign exchange markets, and enhance stability in international financial systems, including those in Asia, as well as ensuring their appropriate operation |
S＋ |
|
|
6-2 |
Promote diverse international cooperation, including financial support and intellectual assistance, to help developing countries develop their economy and society in a stable manner |
S |
|
|
6-3 |
Support Japanese firms to expand their business abroad |
S |
|
|
Policy Goal 7–11: Ensure the appropriate management of corporations, operation, etc. under the jurisdiction of the Ministry of Finance |
|
||
|
7-1 |
Ensure appropriate and efficient management of government financial institutions, etc |
A |
|
|
8-1 |
Ensure sound operation of the earthquake reinsurance scheme |
S |
|
|
9-1 |
Establish and manage stable and efficient national public service mutual aid systems, etc |
S |
|
|
10-1 |
Ensure the appropriate management of the operations and organization of the Bank of Japan |
S |
|
|
11-1 |
Promote the sound progress of the tobacco and salt industries, and ensure their appropriate management |
S |
|
|
General Goal 1. Given that Japan’s fiscal situation is extremely severe historically and in comparison with other countries, not only efforts to strengthen the infrastructure of the social security system to ensure its sustainability should be made while continuously carrying forward the Comprehensive Reform of Social Security and Tax, but also fiscal consolidation efforts in terms of both revenue and expenditure should be made, aimed at the fiscal consolidation targets of achieving a surplus in the primary balance of central and local governments in FY2025 and concurrently steadily reducing the debt-to-GDP ratio while striving to promote economic revitalization.
General Goal 2. In an effort to achieve the fiscal consolidation target through revenue and expenditure reforms, the government will implement an overhaul of the entire tax system in order to balance the realization of sustainable and inclusive economic growth and the achievement of fiscal consolidation from the perspective of achieving a virtuous cycle of growth and distribution and aiming to realize a new form of capitalism based on the concept of developing a new post-COVID 19 society in light of structural changes in the economy and society, such as population decline, the declining birthrate and aging population, diversification of working styles and life courses, progress of globalization, and digitalization of the economy.
General Goal 3. In light of the economic and financial conditions as well as the fiscal situation, a government bond management policy should be implemented based on close dialogue with the market, thereby steadily raising required fiscal funds while minimizing medium- to long-term financing costs. At the same time, treasury funds should be managed appropriately. Moreover, in light of changes in the socioeconomic situation, the Fiscal Investment and Loan Program (FILP) should be used to provide an appropriate response to demand for funds to meet policy needs. Furthermore, efforts should be made to optimize the use of national and public property in the most appropriate manner while promoting partnership with local governments according to the needs of the regions and society and the status of individual national and public property.
General Goal 4. The stability of the financial system must be secured through financial crisis management, together with efforts to develop and operate a financial safety net in cooperation with related organizations. Efforts should also be made to contribute to maintaining confidence in the currency system by ascertaining the state of currency circulation and preventing counterfeiting and forgery to ensure a smooth supply of high-quality currency.
General Goal 5. In order to contribute to the sound growth of the Japanese economy, support for the overseas expansion of Japanese companies should be promoted, along with efforts to ensure the sustainable development of the world economy, the stability and enhancement of international financial systems, including those in Asia, economic and social development in developing countries through quality infrastructure investment, and orderly development of international trade through active engagement in international cooperation. Efforts should also be made to enhance Japanese firms for global business development.
General Goal 6. In pursuing General Goals 1 through 5, as well as making efforts to the response to the COVID-19 pandemic and the reconstruction from natural disasters, efforts should be made to ensure appropriate fiscal and economic management, working in partnership with relevant organizations in order to ensure that the economy overcomes deflation and to achieve economic revitalization and fiscal consolidation simultaneously. |