Real debt service ratio ranking

Prefectures · lowest first · FY2024 (47)

Debt repayments relative to revenue (3-year average). At 18% or more, new borrowing needs approval; 25% or more triggers early fiscal soundness measures.

#MunicipalityPrefecturePopulationDebt service
1 Tokyo Tokyo 14,002,534 1.2%
2 Fukushima Prefecture Fukushima 1,771,314 6.0%
3 Shimane Prefecture Shimane 642,590 7.0%
4 Okinawa Prefecture Okinawa 1,484,081 7.5%
5 Chiba Prefecture Chiba 6,311,579 7.6%
6 Kanagawa Prefecture Kanagawa 9,202,559 8.6%
7 Nara Prefecture Nara 1,303,867 8.8%
8 Kumamoto Prefecture Kumamoto 1,716,360 8.9%
9 Gunma Prefecture Gunma 1,907,976 9.2%
10 Nagano Prefecture Nagano 2,012,399 9.2%
11 Gifu Prefecture Gifu 1,951,292 9.2%
12 Yamaguchi Prefecture Yamaguchi 1,292,956 9.2%
13 Tochigi Prefecture Tochigi 1,904,173 9.4%
14 Tottori Prefecture Tottori 534,003 9.5%
15 Ibaraki Prefecture Ibaraki 2,848,597 9.6%
16 Miyagi Prefecture Miyagi 2,224,980 10.0%
17 Osaka Prefecture Osaka 8,771,961 10.2%
18 Oita Prefecture Oita 1,102,102 10.5%
19 Saga Prefecture Saga 794,252 10.6%
20 Yamanashi Prefecture Yamanashi 801,056 10.7%
21 Wakayama Prefecture Wakayama 901,193 10.8%
22 Okayama Prefecture Okayama 1,835,478 10.9%
23 Kagawa Prefecture Kagawa 939,965 10.9%
24 Saitama Prefecture Saitama 7,374,294 11.0%
25 Ehime Prefecture Ehime 1,296,359 11.0%
26 Kagoshima Prefecture Kagoshima 1,558,920 11.1%
27 Shiga Prefecture Shiga 1,405,246 11.2%
28 Mie Prefecture Mie 1,741,266 11.3%
29 Nagasaki Prefecture Nagasaki 1,274,371 11.3%
30 Fukui Prefecture Fukui 746,690 11.6%
31 Miyazaki Prefecture Miyazaki 1,048,347 11.6%
32 Fukuoka Prefecture Fukuoka 5,086,957 11.9%
33 Iwate Prefecture Iwate 1,153,900 12.3%
34 Ishikawa Prefecture Ishikawa 1,098,121 12.3%
35 Kochi Prefecture Kochi 664,863 12.3%
36 Tokushima Prefecture Tokushima 700,409 12.7%
37 Aomori Prefecture Aomori 1,185,767 13.4%
38 Yamagata Prefecture Yamagata 1,012,355 13.4%
39 Aichi Prefecture Aichi 7,483,755 13.4%
40 Toyama Prefecture Toyama 1,008,536 13.9%
41 Akita Prefecture Akita 907,593 14.3%
42 Shizuoka Prefecture Shizuoka 3,575,704 14.3%
43 Hiroshima Prefecture Hiroshima 2,728,771 14.8%
44 Kyoto Prefecture Kyoto 2,472,013 17.1%
45 Hyogo Prefecture Hyogo 5,393,607 17.1%
46 Niigata Prefecture Niigata 2,110,754 18.6%
47 Hokkaido Hokkaido 5,044,825 20.0%

Source: Ministry of Internal Affairs and Communications settlement data. Municipalities without a value (such as the fiscal strength index of Tokyo's special wards) are excluded.