Mito City finances

茨城県水戸市の財政

City Ibaraki Prefecture, Japan Population 267,467 Area 217.32 km² FY2024 settlement of accounts
Total spending
¥125.9B
Per resident ¥470,738
Local bonds outstanding
¥145.9B
Per resident ¥545,637
Reserve funds
¥4.9B
Per resident ¥18,342
Fiscal strength index
0.78
Closer to 1.0 = more self-funded

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

Fiscal strength index
0.78
#236 of 1718 in Japan · #10 of 44 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
96.9%
#1500 of 1741 in Japan · #40 of 44 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
¥545,637
#890 of 1741 in Japan · #36 of 44 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 residentWorse than peers
¥18,342
#1739 of 1741 in Japan · #44 of 44 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 ratioWorse than peers
43.9%
#534 of 1741 in Japan · #22 of 44 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 ratioWorse than peers
5.5%
#1685 of 1718 in Japan · #43 of 44 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 ¥128.1B · per resident ¥478,880

Local taxes 33.1%Shared taxes and grants 9.2%Local allocation tax 10.2%National subsidies 22.3%Prefectural subsidies 7.1%Borrowing (local bonds) 7.4%Donations 0.9%Other 9.9%
SourceAmountPer residentShare
Local taxes
Resident tax, fixed asset tax and other taxes paid by residents and businesses
¥42.4B¥158,58333.1%
Shared taxes and grants
Portions of national and prefectural taxes distributed to municipalities
¥11.8B¥44,1839.2%
Local allocation tax
Unconditional transfers from the national government to municipalities with smaller tax bases
¥13.0B¥48,62110.2%
National subsidies
National treasury disbursements for specific programs
¥28.5B¥106,67522.3%
Prefectural subsidies
Prefectural disbursements for specific programs
¥9.0B¥33,7817.1%
Borrowing (local bonds)
New borrowing during the year
¥9.4B¥35,3217.4%
Donations
Including hometown tax (furusato nozei)
¥1.1B¥4,1150.9%
Other
Fees, charges, transfers from reserves, carry-overs and other revenue
¥12.7B¥47,6019.9%

Hometown tax (furusato nozei) donations received in FY2024: ¥900M

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
¥54.5B¥203,594¥199,78743.3%
Public works
Roads, bridges, parks, sewers, public housing
¥16.7B¥62,449¥41,69213.3%
Education
Schools, libraries, community centers, sports facilities
¥14.6B¥54,754¥52,00011.6%
General administration
Office management, tax collection, family registers, elections
¥11.3B¥42,266¥43,8139.0%
Health & sanitation
Health checks, vaccinations, waste disposal
¥10.8B¥40,486¥36,7888.6%
Debt service
Repayment of principal and interest on local bonds
¥10.6B¥39,812¥33,0338.5%
Fire & emergency¥3.9B¥14,541¥13,6943.1%
Agriculture, forestry & fisheries¥1.8B¥6,550¥4,1501.4%
Commerce & tourism
Business attraction, shopping streets, tourism
¥1.1B¥4,079¥7,2010.9%
Assembly¥540M¥2,021¥1,8730.4%
Labor¥49M¥184¥5440.0%

Welfare spending

Children
¥20.5B
Per resident ¥76,515 (median ¥78,428)
Elderly
¥8.6B
Per resident ¥32,121 (median ¥34,482)
Social welfare
¥16.1B
Per resident ¥60,135 (median ¥60,747)
Public assistance
¥9.3B
Per resident ¥34,805 (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 56.8% 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¥600K2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Fiscal strength index

0.780.800.820.840.862015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Current balance ratio

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

Population

266K268K270K272K274K2015201620172018201920202021202220232024Population
See the numbers by year
Fiscal yearPopulationSpendingLocal bondsReservesFiscal strengthCurrent balanceDebt service
FY2024267,467¥125.9B¥145.9B¥4.9B0.7896.9%—
FY2023268,843¥121.6B¥146.7B¥6.0B0.7998.1%—
FY2022270,010¥135.2B¥149.3B¥6.9B0.8195.5%—
FY2021271,156¥133.7B¥140.2B¥5.3B0.8392.4%—
FY2020271,380¥151.0B¥133.5B¥3.3B0.8695.4%—
FY2019271,912¥125.1B¥124.9B¥3.3B0.8696.9%—
FY2018272,485¥133.3B¥119.4B¥7.8B0.8695.5%—
FY2017273,243¥117.8B¥108.4B¥10.1B0.8593.8%—
FY2016273,231¥113.0B¥102.3B¥12.1B0.8589.4%—
FY2015273,047¥99.1B¥97.7B¥13.4B0.8487.9%—

Similar-sized cities in Ibaraki Prefecture

All municipalities in Ibaraki 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)