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Japan’s national burden ratio likely to hit record 43.4% in FY2015

  • 2015-02-27 15:00:00
  • , Mainichi
  • Translation

(Mainichi: February 27, 2015 – p. 2)

 

 Japan’s national burden ratio — the total percentage of taxes and social welfare premiums to national income — is expected to reach a record-high 43.4 percent in fiscal 2015, the Finance Ministry said on Feb. 26. The projected 0.8-percentage-point year-on-year rise was attributed by the ministry to the 3-percentage-point consumption tax hike in April last year and ballooning social security burden due to Japan’s graying population. The ratio is projected to top 40 percent for the fourth straight year from fiscal 2012.

 

 The potential national burden ratio, calculated by taking into account fiscal deficits that would be a burden on future generations, is estimated to fall by 1.2 points to 50.8 percent in the fiscal year beginning April 1, the ministry said. (Translated by Kyodo/edited and abridged by MATT)

 

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