Wake Town finances

岡山県和気町の財政

Town Okayama Prefecture, Japan Population 12,871 Area 144.21 km² FY2024 settlement of accounts
Total spending
¥9.7B
Per resident ¥757,401
Local bonds outstanding
¥10.0B
Per resident ¥773,652
Reserve funds
¥5.5B
Per resident ¥429,164
Fiscal strength index
0.34
Closer to 1.0 = more self-funded

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

Fiscal strength indexWorse than peers
0.34
#1085 of 1718 in Japan · #15 of 27 in the prefecture (highest first)
Median of similar municipalities 0.38
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
87.0%
#405 of 1741 in Japan · #7 of 27 in the prefecture (lowest first)
Median of similar municipalities 90.0%
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
¥773,652
#1210 of 1741 in Japan · #16 of 27 in the prefecture (lowest first)
Median of similar municipalities ¥554,217
What this means

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

Reserve funds per residentBetter than peers
¥429,164
#550 of 1741 in Japan · #12 of 27 in the prefecture (highest first)
Median of similar municipalities ¥293,873
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
32.8%
#1086 of 1741 in Japan · #16 of 27 in the prefecture (highest first)
Median of similar municipalities 35.3%
What this means

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

Fiscal adjustment fund ratioBetter than peers
61.4%
#162 of 1718 in Japan · #3 of 27 in the prefecture (highest first)
Median of similar municipalities 30.4%
What this means

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

Revenue ¥10.4B · per resident ¥805,730

Local taxes 17.0%Shared taxes and grants 5.4%Local allocation tax 35.4%National subsidies 8.4%Prefectural subsidies 4.7%Borrowing (local bonds) 13.4%Donations 5.5%Other 10.3%
SourceAmountPer residentShare
Local taxes
Resident tax, fixed asset tax and other taxes paid by residents and businesses
¥1.8B¥137,16617.0%
Shared taxes and grants
Portions of national and prefectural taxes distributed to municipalities
¥559M¥43,4545.4%
Local allocation tax
Unconditional transfers from the national government to municipalities with smaller tax bases
¥3.7B¥284,85435.4%
National subsidies
National treasury disbursements for specific programs
¥867M¥67,3268.4%
Prefectural subsidies
Prefectural disbursements for specific programs
¥488M¥37,9154.7%
Borrowing (local bonds)
New borrowing during the year
¥1.4B¥107,68213.4%
Donations
Including hometown tax (furusato nozei)
¥574M¥44,5705.5%
Other
Fees, charges, transfers from reserves, carry-overs and other revenue
¥1.1B¥82,76310.3%

Hometown tax (furusato nozei) donations received in FY2024: ¥566M

Spending by function per resident

This municipalityMedian of towns with 10,000–20,000 people (245)
FunctionAmountPer residentPeer medianShare
Welfare
Elderly, children, people with disabilities, public assistance
¥2.5B¥195,324¥196,56225.8%
Education
Schools, libraries, community centers, sports facilities
¥1.8B¥140,213¥74,09018.5%
General administration
Office management, tax collection, family registers, elections
¥1.6B¥125,851¥132,74416.6%
Public works
Roads, bridges, parks, sewers, public housing
¥1.1B¥88,899¥64,17411.7%
Debt service
Repayment of principal and interest on local bonds
¥919M¥71,415¥57,4429.4%
Health & sanitation
Health checks, vaccinations, waste disposal
¥606M¥47,075¥56,4936.2%
Fire & emergency¥450M¥34,930¥27,8484.6%
Agriculture, forestry & fisheries¥424M¥32,941¥30,7254.3%
Commerce & tourism
Business attraction, shopping streets, tourism
¥172M¥13,363¥16,8591.8%
Assembly¥83M¥6,472¥6,6360.9%
Disaster recovery¥12M¥919¥5310.1%

Welfare spending

Children
¥786M
Per resident ¥61,097 (median ¥68,686)
Elderly
¥780M
Per resident ¥60,627 (median ¥47,975)
Social welfare
¥947M
Per resident ¥73,600 (median ¥75,979)
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 37.0% 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¥200K¥400K¥600K¥800K2015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Fiscal strength index

0.280.300.330.350.380.402015201620172018201920202021202220232024This municipalityMedian of similar municipalities

Current balance ratio

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

Population

12K13K14K14K14K15K2015201620172018201920202021202220232024Population
See the numbers by year
Fiscal yearPopulationSpendingLocal bondsReservesFiscal strengthCurrent balanceDebt service
FY202412,871¥9.7B¥10.0B¥5.5B0.3487.0%—
FY202313,151¥9.6B¥9.5B¥5.1B0.3288.3%—
FY202213,423¥8.6B¥8.8B¥4.8B0.3181.3%—
FY202113,689¥8.1B¥9.1B¥4.4B0.3182.0%—
FY202013,867¥9.8B¥9.3B¥4.2B0.3287.2%—
FY201914,089¥7.4B¥9.3B¥4.1B0.3291.3%—
FY201814,284¥7.7B¥9.4B¥4.1B0.3295.5%—
FY201714,452¥9.1B¥9.6B¥4.1B0.3194.2%—
FY201614,564¥8.9B¥8.5B¥4.2B0.3194.7%—
FY201514,806¥8.3B¥7.7B¥4.0B0.3094.8%—

Similar-sized towns in Okayama Prefecture

All municipalities in Okayama 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)