＼Learning with Meri and Hari ／MeriHari

What is Tokyo’s budget?

Taxes, etc.
Revenue

BudgetExpenditure

Administrativeservices

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

I see.
It’s like an annual

１business plan!

How big is the budget?
About the same size as somenational budgets: 16.1 trillion yen
Account TypeFY2023
BudgetTotal accounts

JPY 16.1 TRemarks

Generalaccount

For administrative services such
JPY 8.0T as disaster prevention and welfaremeasures, based on taxes

Specialaccounts

For specific objectives such as
JPY 6.3T management of metropolitan
housing

Publicenterpriseaccounts

JPY 1.8T

Compared to,for example,

For water supply and sewerage
and other enterprises managed
by the TMG

Austria’s budget
16.3 trillion yen
Sweden’s budget
15.0 trillion yen

The general account budget, which
is mainly prepared from taxes, isnow 8 trillion yen. Next, let's take alook at the overall picture.

２Budget overviewBudget size
General account total expenditures

8.0410 trillion yen（＋240 billion yen, ＋3.1％）

General expenditures
Policy related spending

5.9354 trillion yen（＋94.7 billion yen, ＋1.6％）

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

6.2010 trillion yen（＋570.2 billion yen, ＋10.1％）

So, the FY2023 budget has become

the largest ever . Where is all thatmoney going?

３

for FY2023※The numbers in brackets ( ) are the changes from the FY2022 budget.
Budget per Tokyo resident

 The largest budget

Health and Welfare
Educ at ion an d Cult ure

ever with 615 new

Lab or and Economy
Livi ng Environment

projects

2023
1993

Urban D evelopment
Police and Firefightin g

Planning and General Affai rs

Breakdown Increase of 94.7 billion yen due toan increase in measures to realize

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

a society that places children first, etc.
(an increase of 453.2 billion yen

excluding anti-Covid measures) Increase of about 570 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

2023
3

A main focus of the budget is measures
to make Tokyo a city where children

are happy and vibrant.

４

What approaches are taken
Promotion of policy and project review

政策評価・事業評価の推進

Initiatives to bolster the reorganization of measures
施策の新陳代謝を強化する取組✔ Project review✔ Policy review✔ 政策評価11
policy groups
11
事業ユニット(89 projects in total)✔ 事業評価
1,436 reviews
1,436 件114.1
1,141billion億円 yen（ユニット内事業 89件）
＊Policy review: Published policy reviews＊政策評価は公表件数＊Project review: Publishedproject reviews (top), Amount of finances secured (bottom)＊事業評価は公表件数（上段）、財源確保額（下段）Utilization of funds
Money is set aside in funds for future expenditure
increases and other needs✔ Balance of funds（＊）: 1.7288 trillion yen,including 1.0046 trillion yen from the funds toachieve the “three cities“(safe city, smart city, diverse city)＊Based on the ordinary accountUtilization of TMG Bonds
To adjust financial resources between fiscal
years and strive for intergenerational equity✔ TMG bonds issued: 290.8 billion yen
Of which ESG bonds issued are about

100 billion yen

５It’s a budget to advance Tokyo’s steps
toward a sustainable future! But it seems
like that will take a lot of money. How does
Tokyo secure its fiscal resources?

in budget compilation?
Changes in amount offinances secured Boost the renewal of policies
such as through an integrated
review of the directionality ofFinances secured overseven years: About
690 billion yen

measures as a whole and eachproject.

2007

2017

2023

Change in the balance ofthe three cities funds

 The three cities funds will be

1.4500 trillion
yenproactively used to steadily

promote initiatives such as building
the resilience of the city, etc.

1.0046 trillion yen

Proactive use of funds
2022* After final budget revision While suppressing the issuance ofTMG bonds and reducing the2023

Changes in ESG bondissuance
About 100 billion yen

balance, realization of the SDGs

will be supported by issuing about 30 billion yen Promote ESG
the same amount of ESG bonds
as in the previous fiscal year.

investment

2020 2021 2022

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

2023

６

Eight Pillars of the FY2023 Budget
In order to upgrade measures in all fields and ensurethat Tokyo continues to evolve into a radiant city, key
measures are arranged under eight pillars.

An inclusive society whereeveryone can embrace theirindividuality and lead vibrant lives

A financial, economic, andcultural hub that is the world’scity of choice
The world’s safest, most secureand resilient city
Realization of carbon-neutral
society“” “”の推進Promotion of the Tama area andTokyo islands

Human resource development
to heighten and draw out thepower of people

Promotion of Smart Tokyo andSHIN-TOSEI (structural reform ofthe TMG)

A city full of the smilesof children

Can you tell me what specific projects will

be undertaken?
Okay, let’s take a look at each of theseeight pillars to check out some specific７

projects included in the budget.

A city full of the smilesof children

JPY 486.3 bn

Through seamless support to ensure the healthy growth ofchildren, Tokyo will become a city where children come first.

Key new andexpanded projects● Match making support project● “018 Support” benefits for children ages 0-18 andfree daycare for the second child● Studies on providing support for egg freezingetc.

８Human resource development
to heighten and draw out the JPY 289.4 bn
power of people
By raising talent who will shape the future, we will realize

a city where individuals take center stage and people shine.

Key new andexpanded projects● Overseas exchange program for metropolitan highschool students● Reskilling support for a broad range of generations● Project to support a balance between
life events and work, such as throughskill enhancement

etc.

９

An inclusive society where
JPY 201.5 bneveryone can embrace theirindividuality and lead vibrant lives
Realizing a society where people support and accept
each other, Tokyo will become a city where everyone
can be active and vibrant.

Key new andexpanded projects● Providing support for the use of digital technology toenhance the QOL of senior citizens● Enhancing support for children
requiring medical care andtheir families● Project to enhance wellness
for working womenetc.

10

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

JPY 1.0067 tn

We wil draw people to Tokyo by uncovering new
attaractions of the city, drive the world’s economy, andrealize a convenient and comfortable city.

Key new and主な新規
expanded projects
拡充事業● Strategically implementing SusHi Tech Tokyo● Realizing a Tokyo where startups thrive● Rolling out projection mapping eventsetc.

11The world’s safest, mostsecure and resilient city

JPY 446.4 bn

We will realize a resilient city that can protect the lives
and livelihoods of residents from typhoons and storms
that are increasing in intensity and frequency, and fromthe pressing risk of a massive earthquake.

Key new andexpanded projects● Promotion of earthquake preparedness taking the occasionof the centennial of the Great Kanto Earthquake● Promoting the removal of utility poles● Constructing new regulating reservoirs
etc.

12

Realization of carbon-neutral JPY 182.2 bnsociety
By having society as a whole accelerate HTT (save,generate, and store electricity), we will halve carbon
emissions by 2030.

Key new andexpanded projects● Providing support for the smooth implementation of
the amended Environmental Security Ordinance● Project to support the introduction of energy saving
equipment and improved operations to achieve

zero emissions● Project for installation of PV systems
in facilities owned by the TMG
etc.

13

Promotion of “Smart Tokyo” and“SHIN-TOSEI” (structural reformof the TMG)

JPY 112.6 bn
JPY 60.1 bn* Includes some duplication (JPY 37.1 bn)

The quality of Tokyo’s administrative services will beenhanced throughtherealizationof a“connectedTokyo“ where everyone can access digital services , andstructural reform leveraging digital technology.

Key new andexpanded projects● Establishing a new organization, GovTech Tokyo● Project to promote data linkage and utilization● Opening a base for experiencing
digital contentsetc.

14

Promotion of the Tamaarea and Tokyo islands

JPY 252.1 bn

In order to raise the vitality and appeal of the Tama andTokyo islands and achieve sustainable development, wewill promote initiatives that leverage the resources andunique characteristics of the communities.

Key new andexpanded projects● Holding events to commemorate the 130th anniversaryof the Tama area coming under Tokyo’s jurisdiction● Providing support for relocating to live in the Tokyoislands or mountain villages● Project to promote Tama andTokyo islands adventure tourism
etc.

15

Reference: Revenues andExpenditures (General Account)

Revenues
CategoryF Y 2 0 2 3

F Y 2 0 2 2

Diffe re nc e

Metropolitan taxes

6,201 bn

5,631 bn

570 bnLocal transfer taxes

67 bn

49 bn

18 bn

National treasury
disbursements

388 bn742 bn ー354 bnFunds transfers

502 bn567 bnー66 bn

TMG bonds

291 bn295 bnー

4 bn

Other revenues

592 bn517 bn

75 bn

Total

8,041 bn

7,801 bn

240 bnF Y 2 0 2 3

F Y 2 0 2 2

Diffe re nc e

General expenditures

5,935 bn

5,841 bn

95 bn

Ordinary
expenditures

4,908 bn

4,863 bn

45 bn

Salary-related
expenses

1,624 bn

1,619 bn

5 bn

Other ordinary
expenditures

3,284 bn

3,244 bn

40 bn

Investment expenses

1,028 bn

978 bn

50 bn

Expenses for public bonds

344 bn346 bn ー

1 bn

Tax-related expenses, etc.

1,761 bn

1,615 bn

147 bnTotal

8,041 bn

7,801 bn

240 bnExpenditures
Category

16*Tabulated figures are rounded to the nearest billion.

Reference: Breakdown by
Categories (General Account)
FY2023 budget by category, assuming thatthe total budget is 10,000 yen
Breakdown of10,000 yen

Category
Health and Welfare
e.g., measures to address the fallingbirthrate and the graying population

1,913yen

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

1,490yenLabor and Economye.g., revitalization of industry

866yenLiving Environmente.g., waste management

399yenUrban Developmente.g., road development

1,108yen

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

1,146yen

Planning and General Affairse.g., staff training and welfare

459yenPublic Bonds
e.g., principal and interest redemptionof TMG Bonds

428yenTax-related Expenses, etc.
e.g., subsidies to municipalities

Total

17

2,191yen
10,000yen※ Figures are rounded off to the nearest one yen.

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 reallyadmire that in you.
You can find more information on theTMG website.
Check here

※ 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 FY2023 Budget proposal (issued March 2023)
Edited and issued by the Finance Section, Budget Division, Bureau of Finance,
Tokyo Metropolitan Government (Phone: 03 (5388) 2669)