Ofunato City finances

岩手県大船渡市の財政

City Iwate Prefecture, Japan Population 32,059 Area 322.51 km² FY2024 settlement of accounts
Total spending
¥22.7B
Per resident ¥707,598
Local bonds outstanding
¥22.4B
Per resident ¥699,215
Reserve funds
¥9.6B
Per resident ¥298,764
Fiscal strength index
0.44
Closer to 1.0 = more self-funded

Fiscal health rank among 1,741 municipalities and within Iwate Prefecture

Fiscal strength index
0.44
#846 of 1718 in Japan · #9 of 33 in the prefecture (highest first)
Median of similar municipalities 0.46
0.51.0
What this means

How much of the standard cost of public services a municipality can cover with its own tax revenue. Above 1.0, it receives no ordinary local allocation tax from the national government.

Current balance ratio
95.8%
#1398 of 1741 in Japan · #24 of 33 in the prefecture (lowest first)
Median of similar municipalities 93.6%
708090100
What this means

Recurring costs that must be paid every year (personnel, social assistance, debt service) as a share of recurring general revenue. The higher it is, the less room for new spending; above 90% is considered rigid.

Local bonds outstanding per residentWorse than peers
¥699,215
#1129 of 1741 in Japan · #18 of 33 in the prefecture (lowest first)
Median of similar municipalities ¥533,835
What this means

Outstanding local government bonds at fiscal year-end divided by the population.

Reserve funds per residentBetter than peers
¥298,764
#759 of 1741 in Japan · #15 of 33 in the prefecture (highest first)
Median of similar municipalities ¥215,241
What this means

Fiscal adjustment, debt reduction and special-purpose funds at fiscal year-end divided by the population.

Own-source revenue ratio
35.1%
#974 of 1741 in Japan · #11 of 33 in the prefecture (highest first)
Median of similar municipalities 36.6%
What this means

The share of revenue the municipality raises itself: taxes, fees, charges and similar.

Fiscal adjustment fund ratioBetter than peers
31.0%
#617 of 1718 in Japan · #15 of 33 in the prefecture (highest first)
Median of similar municipalities 22.8%
What this means

The freely usable reserve (fiscal adjustment fund) as a percentage of standard annual revenue. Around 10–20% is considered comfortable.

Revenue ¥23.6B · per resident ¥735,375

Local taxes 16.9%Shared taxes and grants 6.2%Local allocation tax 30.1%National subsidies 14.0%Prefectural subsidies 10.5%Borrowing (local bonds) 4.2%Donations 4.5%Other 13.6%
SourceAmountPer residentShare
Local taxes
Resident tax, fixed asset tax and other taxes paid by residents and businesses
¥4.0B¥124,55216.9%
Shared taxes and grants
Portions of national and prefectural taxes distributed to municipalities
¥1.5B¥45,5696.2%
Local allocation tax
Unconditional transfers from the national government to municipalities with smaller tax bases
¥7.1B¥221,66230.1%
National subsidies
National treasury disbursements for specific programs
¥3.3B¥102,65014.0%
Prefectural subsidies
Prefectural disbursements for specific programs
¥2.5B¥77,03710.5%
Borrowing (local bonds)
New borrowing during the year
¥981M¥30,6034.2%
Donations
Including hometown tax (furusato nozei)
¥1.1B¥32,9994.5%
Other
Fees, charges, transfers from reserves, carry-overs and other revenue
¥3.2B¥100,30413.6%

Hometown tax (furusato nozei) donations received in FY2024: ¥902M

Spending by function per resident

This municipalityMedian of cities with 30,000–50,000 people (175)
FunctionAmountPer residentPeer medianShare
Welfare
Elderly, children, people with disabilities, public assistance
¥6.9B¥213,697¥204,71330.2%
General administration
Office management, tax collection, family registers, elections
¥4.5B¥139,297¥95,25719.7%
Debt service
Repayment of principal and interest on local bonds
¥2.1B¥66,986¥55,6099.5%
Agriculture, forestry & fisheries¥2.1B¥65,890¥24,4989.3%
Public works
Roads, bridges, parks, sewers, public housing
¥1.7B¥52,240¥56,1097.4%
Education
Schools, libraries, community centers, sports facilities
¥1.6B¥48,639¥65,1806.9%
Fire & emergency¥1.4B¥44,900¥24,6926.3%
Health & sanitation
Health checks, vaccinations, waste disposal
¥1.4B¥42,823¥53,6196.1%
Commerce & tourism
Business attraction, shopping streets, tourism
¥775M¥24,163¥15,9793.4%
Assembly¥183M¥5,709¥4,5580.8%
Labor¥65M¥2,039¥4810.3%
Disaster recovery¥39M¥1,215¥1,5780.2%

Welfare spending

Children
¥2.3B
Per resident ¥72,942 (median ¥74,813)
Elderly
¥1.5B
Per resident ¥46,505 (median ¥44,208)
Social welfare
¥2.5B
Per resident ¥79,122 (median ¥69,722)
Public assistance
¥371M
Per resident ¥11,567 (median ¥15,038)

Spending by type per resident

Personnel, social assistance and debt service are "mandatory" spending that is hard to cut. Here they make up 41.2% of spending.

Ten-year trends

Debt and reserves per resident

Local bondsReserve funds
¥0¥200K¥400K¥600K¥800K2015201620172018201920202021202220232024Debt per residentReserves per resident

Spending per resident

¥0¥500K¥1.0M¥1.5M2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Fiscal strength index

0.440.450.462015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Current balance ratio

86%88%90%92%94%96%2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Population

32K34K36K38K40K2015201620172018201920202021202220232024Population
See the numbers by year
Fiscal yearPopulationSpendingLocal bondsReservesFiscal strengthCurrent balanceDebt service
FY202432,059¥22.7B¥22.4B¥9.6B0.4495.8%—
FY202332,845¥21.1B¥23.5B¥9.3B0.4494.6%—
FY202233,540¥24.2B¥24.0B¥9.4B0.4594.9%—
FY202134,285¥23.2B¥23.5B¥10.3B0.4689.4%—
FY202035,107¥28.9B¥23.5B¥9.9B0.4693.3%—
FY201935,849¥24.8B¥23.6B¥13.5B0.4692.9%—
FY201836,655¥31.3B¥23.6B¥16.4B0.4692.0%—
FY201737,264¥40.3B¥23.5B¥21.1B0.4692.6%—
FY201637,891¥56.5B¥23.6B¥24.9B0.4692.7%—
FY201538,421¥56.4B¥21.5B¥27.2B0.4589.9%—

Similar-sized cities in Iwate Prefecture

All municipalities in Iwate Prefecture →

Source: Ministry of Internal Affairs and Communications, "Settlement of accounts by municipality" (ordinary accounts), processed by Zaisei Zukan. Per-resident amounts use that year's basic resident register population. Fiscal years run from April to March (FY2024 = April 2024 to March 2025). 日本語のページ(AIの要約・首長と選挙)