Wakayama City finances

和歌山県和歌山市の財政

City Wakayama Prefecture, Japan Population 352,941 Area 208.85 km² FY2024 settlement of accounts
Total spending
¥167.9B
Per resident ¥475,789
Local bonds outstanding
¥171.8B
Per resident ¥486,679
Reserve funds
¥24.7B
Per resident ¥69,939
Fiscal strength index
0.76
Closer to 1.0 = more self-funded

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

Fiscal strength indexWorse than peers
0.76
#269 of 1718 in Japan · #1 of 30 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
96.1%
#1433 of 1741 in Japan · #19 of 30 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
¥486,679
#774 of 1741 in Japan · #6 of 30 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 resident
¥69,939
#1600 of 1741 in Japan · #30 of 30 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
42.4%
#592 of 1741 in Japan · #5 of 30 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
18.7%
#1178 of 1718 in Japan · #28 of 30 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 ¥170.8B · per resident ¥483,887

Local taxes 34.4%Shared taxes and grants 8.5%Local allocation tax 11.6%National subsidies 25.1%Prefectural subsidies 6.9%Borrowing (local bonds) 5.4%Donations 1.6%Other 6.4%
SourceAmountPer residentShare
Local taxes
Resident tax, fixed asset tax and other taxes paid by residents and businesses
¥58.8B¥166,66734.4%
Shared taxes and grants
Portions of national and prefectural taxes distributed to municipalities
¥14.6B¥41,3478.5%
Local allocation tax
Unconditional transfers from the national government to municipalities with smaller tax bases
¥19.8B¥55,96011.6%
National subsidies
National treasury disbursements for specific programs
¥42.9B¥121,46425.1%
Prefectural subsidies
Prefectural disbursements for specific programs
¥11.8B¥33,5256.9%
Borrowing (local bonds)
New borrowing during the year
¥9.3B¥26,2605.4%
Donations
Including hometown tax (furusato nozei)
¥2.8B¥7,9041.6%
Other
Fees, charges, transfers from reserves, carry-overs and other revenue
¥10.9B¥30,7606.4%

Hometown tax (furusato nozei) donations received in FY2024: ¥2.6B

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
¥80.5B¥227,961¥199,78747.9%
Public works
Roads, bridges, parks, sewers, public housing
¥18.0B¥50,960¥41,69210.7%
Debt service
Repayment of principal and interest on local bonds
¥17.1B¥48,450¥33,03310.2%
Education
Schools, libraries, community centers, sports facilities
¥16.0B¥45,435¥52,0009.5%
General administration
Office management, tax collection, family registers, elections
¥14.8B¥41,940¥43,8138.8%
Health & sanitation
Health checks, vaccinations, waste disposal
¥9.7B¥27,443¥36,7885.8%
Fire & emergency¥6.0B¥17,073¥13,6943.6%
Commerce & tourism
Business attraction, shopping streets, tourism
¥3.5B¥10,001¥7,2012.1%
Agriculture, forestry & fisheries¥1.2B¥3,346¥4,1500.7%
Assembly¥870M¥2,464¥1,8730.5%
Labor¥187M¥530¥5440.1%
Disaster recovery¥66M¥187¥80.0%

Welfare spending

Children
¥23.3B
Per resident ¥66,064 (median ¥78,428)
Elderly
¥14.6B
Per resident ¥41,244 (median ¥34,482)
Social welfare
¥24.1B
Per resident ¥68,365 (median ¥60,747)
Public assistance
¥18.5B
Per resident ¥52,286 (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 60.3% 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

0.750.780.800.830.852015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Current balance ratio

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

Population

350K360K370K380K2015201620172018201920202021202220232024Population
See the numbers by year
Fiscal yearPopulationSpendingLocal bondsReservesFiscal strengthCurrent balanceDebt service
FY2024352,941¥167.9B¥171.8B¥24.7B0.7696.1%—
FY2023356,472¥157.8B¥178.8B¥21.2B0.7795.9%—
FY2022359,654¥165.0B¥186.8B¥18.5B0.8096.9%—
FY2021362,662¥169.5B¥193.0B¥14.7B0.8191.5%—
FY2020365,166¥190.9B¥185.9B¥8.7B0.8298.0%—
FY2019366,923¥159.5B¥182.6B¥7.6B0.8299.4%—
FY2018368,835¥149.9B¥177.2B¥10.3B0.8298.9%—
FY2017371,042¥152.7B¥174.6B¥14.2B0.8298.9%—
FY2016373,074¥151.7B¥173.6B¥18.3B0.8195.6%—
FY2015375,269¥147.4B¥170.5B¥12.4B0.8098.6%—

Similar-sized cities in Wakayama Prefecture

All municipalities in Wakayama 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)