Closed 95% of “Financial Coordination Fund” in response to new corona measures in Tokyo

Closed 95% of “Financial Coordination Fund” in response to new corona measures in Tokyo May 19 20:12

The Tokyo Metropolitan Government will close nearly 95% of its capital savings fund to prevent the new coronavirus, and the balance is expected to be about 50 billion yen, and it is expected that tax revenue will decrease while securing future financial resources. is.

On the 19th, Tokyo announced a supplementary budget plan for a total of more than 580 billion yen.

Including this budget, the capital will invest a total of more than ¥ 1,040 billion in measures to combat the new coronavirus this year.

The source of financial resources is the “Financial Adjustment Fund,” which corresponds to the “savings of the capital” in order to prepare for a decrease in revenue and sudden expenditure, and it is expected that the remaining amount will be approximately ¥ 50 billion, which will be depleted by nearly 95%.

The “Financial Coordination Fund” is the highest ever recorded at 94.5 billion yen as of the end of March, due to the fact that the government has been trying to rebuild its finances since the government of Ishihara since 1999 and it has been supported by strong capital tax revenues in the last few years. Was increasing.

The Tokyo Metropolitan Government plans to secure financial resources through issuance of metropolitan bonds and surplus of the budget for the last fiscal year, but securing tax revenue sources is an issue as tax revenue is expected to decrease.

Tadaaki Yamada, General Manager of the Finance Bureau of the Tokyo Metropolitan Bureau of Finance, said, "We have accumulated a fund in preparation for an emergency, but the basic stance is to respond firmly to what we should do now. I think that there will be a decrease in tax revenue in the future, We will respond firmly. "

Governor Koike "We will continue to take necessary measures."

Governor Koike of the Tokyo Metropolitan Government said, "In addition to the fiscal adjustment fund, the city has the ability to respond to policy-based funds and the issuance capacity of bond issuance, and a certain amount of financial surplus is expected. It's a critical moment right now, so it's necessary to take proper measures when it's time to make the most of our financial resources. We will continue to take necessary measures and pay close attention to financial management. "