Hiraizumi Town finances

岩手県平泉町の財政

Town Iwate Prefecture, Japan Population 6,734 Area 63.39 km² FY2024 settlement of accounts
Total spending
¥5.2B
Per resident ¥766,931
Local bonds outstanding
¥4.8B
Per resident ¥715,925
Reserve funds
¥1.6B
Per resident ¥230,588
Fiscal strength index
0.31
Closer to 1.0 = more self-funded

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

Fiscal strength indexBetter than peers
0.31
#1159 of 1718 in Japan · #21 of 33 in the prefecture (highest first)
Median of similar municipalities 0.27
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 ratioWorse than peers
96.6%
#1469 of 1741 in Japan · #30 of 33 in the prefecture (lowest first)
Median of similar municipalities 89.1%
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 residentBetter than peers
¥715,925
#1152 of 1741 in Japan · #21 of 33 in the prefecture (lowest first)
Median of similar municipalities ¥858,549
What this means

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

Reserve funds per residentWorse than peers
¥230,588
#949 of 1741 in Japan · #19 of 33 in the prefecture (highest first)
Median of similar municipalities ¥465,414
What this means

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

Own-source revenue ratio
30.2%
#1247 of 1741 in Japan · #22 of 33 in the prefecture (highest first)
Median of similar municipalities 30.5%
What this means

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

Fiscal adjustment fund ratioBetter than peers
34.7%
#508 of 1718 in Japan · #13 of 33 in the prefecture (highest first)
Median of similar municipalities 31.1%
What this means

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

Revenue ¥5.4B · per resident ¥794,998

Local taxes 15.0%Shared taxes and grants 5.9%Local allocation tax 42.9%National subsidies 10.2%Prefectural subsidies 5.9%Borrowing (local bonds) 5.0%Donations 2.0%Other 13.1%
SourceAmountPer residentShare
Local taxes
Resident tax, fixed asset tax and other taxes paid by residents and businesses
¥806M¥119,63315.0%
Shared taxes and grants
Portions of national and prefectural taxes distributed to municipalities
¥314M¥46,5955.9%
Local allocation tax
Unconditional transfers from the national government to municipalities with smaller tax bases
¥2.3B¥340,68842.9%
National subsidies
National treasury disbursements for specific programs
¥549M¥81,48110.2%
Prefectural subsidies
Prefectural disbursements for specific programs
¥313M¥46,5355.9%
Borrowing (local bonds)
New borrowing during the year
¥269M¥40,0065.0%
Donations
Including hometown tax (furusato nozei)
¥109M¥16,2322.0%
Other
Fees, charges, transfers from reserves, carry-overs and other revenue
¥699M¥103,82913.1%

Hometown tax (furusato nozei) donations received in FY2024: ¥98M

Spending by function per resident

This municipalityMedian of towns with 5,000–10,000 people (210)
FunctionAmountPer residentPeer medianShare
Welfare
Elderly, children, people with disabilities, public assistance
¥1.4B¥206,910¥224,28427.0%
General administration
Office management, tax collection, family registers, elections
¥923M¥137,064¥189,68217.9%
Education
Schools, libraries, community centers, sports facilities
¥790M¥117,289¥97,86815.3%
Public works
Roads, bridges, parks, sewers, public housing
¥466M¥69,145¥100,9189.0%
Debt service
Repayment of principal and interest on local bonds
¥449M¥66,715¥94,3998.7%
Health & sanitation
Health checks, vaccinations, waste disposal
¥395M¥58,673¥87,5227.7%
Agriculture, forestry & fisheries¥295M¥43,850¥62,1795.7%
Fire & emergency¥203M¥30,151¥38,6873.9%
Commerce & tourism
Business attraction, shopping streets, tourism
¥150M¥22,217¥26,8702.9%
Assembly¥80M¥11,838¥10,2151.5%
Disaster recovery¥20M¥2,907¥1,5420.4%
Labor¥1M¥171¥10.0%

Welfare spending

Children
¥487M
Per resident ¥72,257 (median ¥67,708)
Elderly
¥313M
Per resident ¥46,433 (median ¥60,528)
Social welfare
¥594M
Per resident ¥88,220 (median ¥89,723)
Public assistance
¥0
Per resident ¥0 (median ¥0)

Spending by type per resident

Personnel, social assistance and debt service are "mandatory" spending that is hard to cut. Here they make up 43.9% 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

0.250.280.300.330.352015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Current balance ratio

80%85%90%95%100%2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Population

6,5007,0007,5008,0008,5002015201620172018201920202021202220232024Population
See the numbers by year
Fiscal yearPopulationSpendingLocal bondsReservesFiscal strengthCurrent balanceDebt service
FY20246,734¥5.2B¥4.8B¥1.6B0.3196.6%—
FY20236,859¥4.9B¥5.0B¥1.5B0.3095.4%—
FY20227,010¥5.1B¥5.2B¥1.6B0.3094.7%—
FY20217,232¥6.0B¥5.2B¥1.6B0.3186.7%—
FY20207,330¥5.9B¥4.6B¥1.5B0.3288.1%—
FY20197,485¥5.1B¥4.6B¥1.5B0.3391.2%—
FY20187,643¥4.7B¥4.5B¥1.7B0.3291.1%—
FY20177,780¥4.7B¥4.6B¥1.8B0.3189.9%—
FY20167,886¥5.0B¥4.7B¥1.7B0.3188.2%—
FY20158,005¥4.5B¥4.9B¥1.9B0.3188.3%—

Similar-sized towns 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)