Learning with Meri and Hari

The Guide to Tokyo’s FY2022
Budget Proposal
All you need is 5 minutes

HariMeri

A “meri-hari” (well-modulated) budget

What is Tokyo’s budget?

Taxes, etc.
Revenue

BudgetExpenditure

Administrativeservices

The estimated revenues and expenditures
for one year are compiled in a budget.
The Tokyo Metropolitan Government(TMG) uses the taxes paid by theresidents of Tokyo to provide
administrative services, including disastermitigation and welfare measures.
I see.

It’s like an annual
business plan!

１How big is the budget?
The same size as some national
budgets 15.4 trillion yen
Account type

FY2022
BudgetTotal accountJPY 15.4TGeneralaccountJPY 7.8T

For administrative services suchas disaster mitigation and welfare
measures, based on taxes

Specialaccounts

JPY 5.8T

For specific objectives such as
management of metropolitan
housing

JPY 1.8T

For water supply and sewerage
and other enterprises managed
by the Tokyo Metropolitan
Government

Publicenterpriseaccounts

Compared to,for example,

Remarks

Norway’s budget
20.4 trillion yen
Sweden’s budget
14.3 trillion yen

The general account budget, which
is mainly prepared from taxes, isnow 7.8 trillion yen. Next, let's takea look at the overall picture.

２

Budget overview

Budget size
General account total expenditures

7.8010 trillion yen（＋376 billion yen, ＋5.1％）

General expenditures
Policy related spending

5.8407 trillion yen（＋228.6 billion yen, ＋4.1％）

Tax revenue
The TMG tax revenue amount,including corporate inhabitant andenterprise taxes, and fixed asset tax

5.6308 trillion yen（＋585.8 billion yen, ＋11.6％）

So, the FY2022 budget has become

the largest ever. Where is all that３money going?

for FY2022※The number in brackets ( ) is the change from the FY2021 budget
Budget per Tokyo resident

 The largest budget

Health and Welfare
Education and Culture

ever with 568 newLabor and Economy
Living Environment

projects

2022
1992

Urban Development
Police and Firefighting
Planning and General Affairs

Breakdown Increase of 228.6 billion

Generalexpenditures
Salary-relatedexpenses
Other ordinary
expenses
Investment
expenses
Expenses for
public bonds
Tax-relatedexpenses, etc.

yen due to an increase
in measures to realize
a sustainable recovery, etc.

 Increase of about 590 billion

Changes in metropolitan tax revenue

yen mainly due to increases in

Other taxes
Corporate inhabitant and enterprise taxes

corporate inhabitant andenterprise taxes from a recovery
in business revenues

1991
1991

2022
3

A main focus of the budget is measures
to realize Tokyo’s sustainable recovery
so that it can evolve into a sustainable citywhere no one is left behind.

４What approaches are taken
Promotion of policy and project review
Initiatives to bolster the reorganization of measures✔ Policy review

9 policy groups(97 projects in total)✔ Project review

1,368 reviews
1,117 billion yen＊Policy review: Published policy reviews＊Project review: Published project reviews (top), Amount of finances secured (bottom)

Utilization of funds
Money is set aside in funds for future expenditure
increases and other needs✔ Balance of funds（＊）: 1.0697 trillion yen,including 556.3 billion yen from the funds toachieve the “three cities“(safe city, smart city, diverse city)*General accounts

Utilization of Tokyo Metropolitan Bonds
To adjust financial resources between fiscal
years and strive for intergenerational equity✔ Tokyo bonds issued: 294.6 billion yen
Of which ESG bonds issued are about

100 billion yen

It’s a budget for Tokyo’s evolution intoa more sustainable city! But it seems

５

like that will take a lot of money. How
does Tokyo secure its fiscal resources?

in budget compilation?
 Bolster reorganization of

Changes in amount offinances secured

measures through theintegrated implementation ofFinances secured overthe last six years
About 580 billion yen

policy review and project review,review from the perspective ofDX, etc.

200720172022

Change in the balance ofthe three cities funds

 Funds to achieve the threecities will be actively utilized tosteadily promote the development

1.0669 trillion
yen556.3 billion yen

Proactiveuse
use ofof funds
funds
Proactiveof social overhead capital, etc.

2021

2022

* After final budget revision While restraining the issuance ofTokyo bonds, realization of theSDGs will be supported by issuing
the same amount of ESG bonds
as in the previous fiscal year.

Change in ESG bondissuance
100 billion yen

30 billion yen＊ ESG bonds: Bonds issued for investors that take
into account environmental, social, andgovernance factor

Promote ESG
investment
2020

2021

2022

That’s done through various
approaches in fiscal management,such as bolstering the reorganizationof measures and utilizing funds andTokyo bonds.

６Seven Pillars of the FY2022 Budget
In order to boldly and rapidly upgrade
measures and create a future full of hope, key
measures are arranged under seven pillars.

A financial, economic, andcultural hub that is the world’scity of choice

A city full of the smiles ofchildren”

andAn inclusive society wherepeople shine and everyone can ”
play active roles“

Promotion of the Tama area andTokyo islands

A sustainable city in harmony
with nature“

Promotion of Smart Tokyo
Shin Tosei(New Tokyo Government)

The world’s safest and mostsecure city

Can you tell me what specific projects will be
undertaken?
Okay, let’s take a look at each of theseseven pillars to check out some specific７

projects included in the budget.

The world’s safest
and most secure city

JPY 763.6 bn

Create a city that is resilient against infectious diseases,
and can protect the lives and livelihoods of its residents
from increasingly intense and frequent typhoons andrainstorms, and a huge earthquake that could occur atany time.

Key new andexpanded projects● Constructing a new regulating reservoir(Meguro River Basin Regulating Reservoir(name TBD) project implementation)● Accelerating measures to remove utility poles● Building an operations system for response tostranded commuters etc.

８

A sustainable cityin harmony with nature

JPY 150.1 bn

Along with encouraging a radical transformation ofsociety to realize a “Zero-Emissions Tokyo,” create a citywith abundant water and greenery

Key new andexpanded projects● Project to expand the use of well insulated,
solar-powered houses that are resilient todisasters and contribute to wellbeing● Project to promote the introductionof ZEV charging stands● Project for the purchase andsupport for utilization of productive
green zones to maintain agricultural land etc.

９

A financial, economic, andcultural hub that is
the world’s city of choice

JPY 852.3 bn

Create an economic and financial center that draws
people, goods, money and information from around theworld, and a city where dynamism is generated bysports, arts and culture.

Key new andexpanded projects● Supporting decarbonization startups through a fund
● Promoting next-generation MICE events● Tokyo 2020 GamesFirst Anniversary Project(nameTBD) etc.

10

An inclusive society wherepeople shine and everyone
can play active roles

JPY 276.1 bn

Create a city full of diversity where senior citizens leadhealthy and active lives, those wishing to work can do soin a flexible manner, and all kinds of people live together
in harmony.

Key new andexpanded projects● Project for the utilization of smartwatches and otherdigital devices to help senior citizens become healthier● Project to support the nurturing ofdigital talent in integration
with re-employment support● Response for young caregivers etc.

11

A city full of the smilesof children

JPY 548.7 bn

Create a city full of smiling children and people whowant to have and raise children, and where all children
and youth have hope for the future and can take theinitiative to grow.

Key new andexpanded projects● Project proposed by Tokyo’s municipalities to address
the issue of children on the waiting list for afterschool clubs● Establishing one-to-one computing programs in high school● Securing opportunities at all schools fromelementary to high school and special needs
schools for students to experience a diversityof hands-on activities such as watching sports

competitions etc.

12

JPY 78.0 bn

Realization of “Smart Tokyo”
Promotion of “Shin Tosei(New Tokyo Government)”

JPY 42.2 bn* Includes some duplication (JPY 37.1 bn)

Realizecomfortableandconvenient

lives

throughutilization of 5G and other advanced technologies, andenhance QOS

through structuralreformleveragingdigital technology.

Key new andexpanded projects● Building a virtual Tokyo through 3D digital mappingof the city
● Developing parking stub issuingmachines, etc.,that allow cashless settlements● App for citizen reports of road damage etc

13Promotion of the Tamaarea and Tokyo islands

JPY 238.2 bn

Promote initiatives in the Tama area and Tokyo islands
that leverage the resources and unique characteristics ofthe communities to raise their vitality and appeal inorder to achieve sustainable development.

Key new andexpanded projects● Establishing the Tokyo Metropolitan Tama Business
Activation Center● Using 5G to promote telemedicine, etc.
in the Tokyo islands● Providing virtual English language study
programs etc.

14

In conclusion

I think I now understand Tokyo’s budget.
While using a lot of ingenuity, Tokyo isadvancing efforts to become an evenbetter city!

That’s right, Hari! Tokyo has to keep onfirmly managing its finances. And it’s notjust for us, but for the future of ourchildren!

That’s so true! Now, I want to learn
more about what other initiatives
Tokyo is taking!

Hari, you’re so earnest! I really15admire that in you.
You can find more information on theTokyo Metropolitan Government
website.
Check here

Reference: Revenues andexpenditures (General Account)

Revenues（JPY）
CategoryF Y 2 0 2 2

F Y 2 0 2 1

Difference

Metropolitan taxes

5.631 tn

5.045 tn

586 bnLocal transfer taxes

49 bn

45 bn

4 bn

National treasury
disbursements

742 bn382 bn361 bnFunds transfers

567 bn836 bn ー269 bnMetropolitan bonds

295 bn588 bn ー

293 bnOther revenue

517 bn530 bn ー

13 bn

Total

7.801 tn

7.425 tn

376 bnExpenditures（JPY）
CategoryF Y 2 0 2 2

F Y 2 0 2 1

Difference

General expenditures

5.841 tn

5.612 tn

229 bnAdministrative activity
expenses

4.863 tn

4.672 tn

191 bnSalary related

1.619 tn

1.63 tn ー

11 bn

Other ordinary
expenses

3.244 tn

3.042 tn

202 bnInvestment expenses

0.978 tn

0.94 tn

37 bn

Expenses for public bonds

346 bn332 bn

13 bn

Tax-related expenses, etc.

1.615 tn

1.481 tn

134 bnTotal

7.801 tn

7.425 tn

376 bn*Tabulated figures are rounded to the nearest billion.

16

Reference: Breakdown byCategories (General Account)
FY2022 budget by category, assuming that thetotal budget is 10,000 yen（JPY）

Breakdown of10,000 yen

Category
Health and Welfare
e.g. measures for the graying population

2,193yen

Education and Culture
e.g. the enhancement of school education

1,509yenLabor and Economy
e.g. revitalization of industry

739yenLiving Environment
e.g. waste management

357yenUrban Development
e.g. road development

1,088yen

Police and Firefighting
e.g. police and fire fighting activities

1,168yen

Planning and General Affairse.g. staff training and welfare

433yenPublic Bonds
e.g. principal and interest redemptionof Tokyo Metropolitan Bonds

443yenTax-related Expenses, etc.
e.g. subsidies to municipalities

Total

17

2,070yen
10,000yen※ Figures are rounded off to the nearest one yen.

※ All works in this brochure (text, photos, illustrations, etc.) are subject to protection
under copyright law. With the exception of cases that do not require the permissionof the copyright owner under copyright law, none of the works can be duplicatedor reproduced without permission.
The Guide to Tokyo’s FY2022 Budget (issued March 2022)
Edited and issued by the Finance Section, Budget Division, Bureau of Finance,
Tokyo Metropolitan Government (Phone: 03 (5388) 2669)