According to the financial situation of the country at the end of last year and the end of 2019, which was compiled by the Ministry of Finance in the settlement format of private companies, the amount of insolvency in which debt exceeds assets reached a record high of over 591 trillion yen for 13 consecutive years. ..
This year, the amount of government bonds issued is increasing due to measures against the new coronavirus, so the scale of insolvency is likely to increase further.
In order to show the financial situation of the country in an easy-to-understand manner, the Ministry of Finance has compiled the financial contents of the general account and the special account as "national financial documents" following the financial statements of private companies.
According to this, as of the end of last year, “debt” increased by more than 15 trillion yen from the previous year to more than 1273,700 billion yen due to the issuance of government bonds to make up for the lack of financial resources.
On the other hand, “assets” such as roads and other infrastructure and securities increased by more than 6 trillion yen to more than 681,260 billion yen due to an increase in the valuation of foreign bonds held by the government.
As a result, the amount of insolvency in which liabilities exceed assets increased by more than 8 trillion yen to more than 591.8 trillion yen, a record high for the 13th consecutive year.
In this fiscal year and fiscal 2020, we prepared three supplementary budgets to counter the new coronavirus, and the amount of new government bond issuance exceeded 100 trillion yen for the first time.
For this reason, the scale of the country's insolvency will increase further this year, raising the risk that the burden on future generations will become even heavier.