Tokyo Metropolitan Government New Year Budget Proposal Scale next to this fiscal year Olympics and Para operating expenses, etc. January 24 17:25
The Tokyo Metropolitan Government has announced an initial budget proposal for the new fiscal year 2020, which is the second largest fiscal year totaling 7,354 billion yen, including operating expenses for the Olympic and Paralympic Games.
The initial budget proposal for the new fiscal year of Tokyo = FY2020 was 7,354 billion yen in the general account, a decrease of 107 billion yen, or 1.4%, compared to the largest ever this year. This is the second largest year.
In terms of expenditures, ¥ 470.9 billion was allocated for the development of competition venues, security measures, and measures for traffic congestion, etc., in preparation for the success of the Tokyo Olympics and Paralympics.
Other important policies to address are:
364 364.2 billion yen for child care support and enhancement of educational opportunities,
2221.8 billion yen for town planning to protect Tokyo residents from disaster
65.9 billion yen for Zero Emission Tokyo initiatives aimed at expanding renewable energy
158 ¥ 15.8 billion is being spent on the promotion of "Smart Tokyo," a society that utilizes the next generation communication standard "5G" and AI.
On the revenue side, on the other hand, due to the tax reform in the country, which aimed to reduce the tax revenue gap between Tokyo and local areas, capital tax revenue was 58.4 billion yen, a 1.1% decrease from the current fiscal year, to 5,444.6 billion yen. Expected.
The issuance of municipal debt, which is the debt of Tokyo, was only 28.4 billion yen, accounting for only 2.8% of the total revenue, against the backdrop of strong tax revenue, and the balance of municipal bonds was 4,07875 million, about 40% lower than the peak in FY2001. It is expected to decrease to 100 million yen.
The capital's new year budget proposal will be submitted to the regular meeting of the city council, which will open next month.
Governor Koike "Appropriately responding to changes in the times"
At a press conference on the 24th, Governor Koike of Tokyo said in a press conference on the new fiscal year budget for the city, "This is the Tokyo Olympic and Paralympic Year, but 2020 is not a goal for Tokyo administration. That's why it's time to pursue the creation of Tokyo, which is full of dreams and hopes and shines at the center of the world. "
"Unfortunately, Japan has declined gradually in terms of competitiveness and productivity internationally. Until now, Japan has begun this budgeting with a very strong sense of crisis that the world will be largely left behind." Said.
Governor Koike then said, "Leveraging each of the measures included in the budget proposal, we will respond appropriately to changes in the times. We want to make steady progress step by step so that we can achieve sustainable development. "