Iwaki City finances

福島県いわき市の財政

City Fukushima Prefecture, Japan Population 303,171 Area 1,232.51 km² FY2024 settlement of accounts
Total spending
¥155.6B
Per resident ¥513,229
Local bonds outstanding
¥125.9B
Per resident ¥415,121
Reserve funds
¥46.1B
Per resident ¥152,027
Fiscal strength index
0.78
Closer to 1.0 = more self-funded

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

Fiscal strength index
0.78
#236 of 1718 in Japan · #6 of 59 in the prefecture (highest first)
Median of similar municipalities 0.81
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
94.8%
#1297 of 1741 in Japan · #49 of 59 in the prefecture (lowest first)
Median of similar municipalities 94.9%
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
¥415,121
#636 of 1741 in Japan · #15 of 59 in the prefecture (lowest first)
Median of similar municipalities ¥321,738
What this means

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

Reserve funds per residentBetter than peers
¥152,027
#1193 of 1741 in Japan · #49 of 59 in the prefecture (highest first)
Median of similar municipalities ¥70,642
What this means

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

Own-source revenue ratio
46.7%
#415 of 1741 in Japan · #12 of 59 in the prefecture (highest first)
Median of similar municipalities 47.6%
What this means

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

Fiscal adjustment fund ratioBetter than peers
15.7%
#1329 of 1718 in Japan · #51 of 59 in the prefecture (highest first)
Median of similar municipalities 12.5%
What this means

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

Revenue ¥162.9B · per resident ¥537,315

Local taxes 31.4%Shared taxes and grants 8.4%Local allocation tax 13.1%National subsidies 19.0%Prefectural subsidies 6.3%Borrowing (local bonds) 6.4%Donations 0.5%Other 14.9%
SourceAmountPer residentShare
Local taxes
Resident tax, fixed asset tax and other taxes paid by residents and businesses
¥51.2B¥168,71831.4%
Shared taxes and grants
Portions of national and prefectural taxes distributed to municipalities
¥13.7B¥45,0888.4%
Local allocation tax
Unconditional transfers from the national government to municipalities with smaller tax bases
¥21.4B¥70,50913.1%
National subsidies
National treasury disbursements for specific programs
¥31.0B¥102,13919.0%
Prefectural subsidies
Prefectural disbursements for specific programs
¥10.3B¥33,8146.3%
Borrowing (local bonds)
New borrowing during the year
¥10.5B¥34,6426.4%
Donations
Including hometown tax (furusato nozei)
¥788M¥2,6000.5%
Other
Fees, charges, transfers from reserves, carry-overs and other revenue
¥24.2B¥79,80614.9%

Hometown tax (furusato nozei) donations received in FY2024: ¥672M

Spending by function per resident

This municipalityMedian of cities with 200,000+ people (91)
FunctionAmountPer residentPeer medianShare
Welfare
Elderly, children, people with disabilities, public assistance
¥59.4B¥195,927¥199,78738.2%
Public works
Roads, bridges, parks, sewers, public housing
¥17.9B¥59,179¥41,69211.5%
General administration
Office management, tax collection, family registers, elections
¥16.9B¥55,687¥43,81310.9%
Education
Schools, libraries, community centers, sports facilities
¥16.1B¥53,085¥52,00010.3%
Health & sanitation
Health checks, vaccinations, waste disposal
¥15.2B¥50,122¥36,7889.8%
Debt service
Repayment of principal and interest on local bonds
¥13.0B¥42,873¥33,0338.4%
Fire & emergency¥6.2B¥20,442¥13,6944.0%
Agriculture, forestry & fisheries¥5.0B¥16,479¥4,1503.2%
Commerce & tourism
Business attraction, shopping streets, tourism
¥3.8B¥12,670¥7,2012.5%
Disaster recovery¥1.3B¥4,202¥80.8%
Assembly¥651M¥2,148¥1,8730.4%
Labor¥126M¥414¥5440.1%

Welfare spending

Children
¥22.6B
Per resident ¥74,453 (median ¥78,428)
Elderly
¥11.0B
Per resident ¥36,229 (median ¥34,482)
Social welfare
¥18.1B
Per resident ¥59,564 (median ¥60,747)
Public assistance
¥7.7B
Per resident ¥25,423 (median ¥29,092)

Spending by type per resident

Personnel, social assistance and debt service are "mandatory" spending that is hard to cut. Here they make up 48.7% of spending.

Ten-year trends

Debt and reserves per resident

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

Spending per resident

¥0¥200K¥400K¥600K¥800K2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Fiscal strength index

0.700.750.800.852015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Current balance ratio

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

Population

300K310K320K330K340K2015201620172018201920202021202220232024Population
See the numbers by year
Fiscal yearPopulationSpendingLocal bondsReservesFiscal strengthCurrent balanceDebt service
FY2024303,171¥155.6B¥125.9B¥46.1B0.7894.8%—
FY2023306,714¥161.8B¥128.1B¥46.7B0.7993.4%—
FY2022310,890¥155.3B¥131.5B¥49.3B0.7991.1%—
FY2021314,913¥164.1B¥132.4B¥46.2B0.7986.0%—
FY2020318,490¥192.5B¥129.9B¥45.1B0.8087.1%—
FY2019321,535¥156.6B¥123.9B¥44.7B0.8086.6%—
FY2018324,246¥146.8B¥124.5B¥56.2B0.7984.6%—
FY2017327,090¥153.6B¥126.2B¥62.9B0.7784.7%—
FY2016329,938¥154.4B¥124.7B¥68.2B0.7585.0%—
FY2015331,920¥168.5B¥127.5B¥74.6B0.7283.9%—

Similar-sized cities in Fukushima Prefecture

All municipalities in Fukushima 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)