Silviase/jgov_v1.4_full_ann huggingface dataset:
1) Short-term strategy - continuing to provide incentive packages in order to attract investments which generate employment creation, foreign exchange earnings and GDP growth. The benefits accorded to foreign companies should especially aim to increase the local participation $ ^{54} $ ;

2) Medium-term strategy - catching-up the technology with the NIEs and with Japan in the relatively lower sophistication products and less skill content. This implies in particular the creation of a pool of expertises and technicians able to absorb the technology and the development of locally managed companies.

3) Long-term strategy - stressing on the creation of backward and forward linkages. A more articulated industrial structure will indeed be indispensable for reaching an autonomous development. The need is to develop capacities for applying electronic systems in order to improve efficiency and productivity. The creation of higher technological standards through efforts in R&D activity will, in turn, induce to the acquisition of new comparative advantages and new development opportunities.

In conclusion, we saw in the previous sections that electronics products “made in Malaysia” are becoming more and more competitive on the international markets, as the speed of industrial development has been greatly accelerated by the relocation process occurring from Japan. Although this development relies on a foreign engine and long time is required to develop and master local technology, starting by specializing in the production of “high quality-low sophistication” electronic parts and components, could be for Malaysian entrepreneurs a first step in the right direction.
However, in contrast to the export-orientated nature of the investments originated by the multinationals, those of the SMEs were mainly domestic-oriented.

15. Like, for example the existence of a developed precision engineering industry.

16. To this regard, Malaysian government played a crucial role by actively promoting the introduction of FDI and eventually allowing the country to become, by the mid 1970s, the leading off-shore assembly location for US and Japanese companies.

17. Japan, USA, Europe and East Asia are the four major areas of electronics production.

18. These figures are referred to the “electrical machinery” industry (ISIC 383).

19. Take for example, the production of VLSI (very large scale integrated) circuits.

20. In fact, imports of Japanese electronics increased from 1,035 billion Yen in 1985, to 2,038 billion Yen in 1990.

21. Out of 449 projects destined to Asia, 248 were located in the NIEs, 160 in the ASEAN4, 31 in China and 10 in other Asian countries.

22. Note that the sum of each sub-sector exceeds the total number of cases due to operation facilities classified in more than one sub-sector.

23. Note that Mainland China covers the largest share of the part which is referred to as “other Asia”.

24. For electronic parts, a large share of investments was in the field of microelectronics, while consumer goods covered mainly audio products and colour TV sets.

25. For example, with regard to Thailand and Indonesia at least until the end of the 1970s, when more advanced productions were started to be transferred, the domestic market represented the main target for Japanese investments.

26. Like telephone machinery.

27. Almost three times as faster as in the second stage.

28. The following remarks are based on the results of an interview carried on by the author in August 1991, to six Japanese electronics firms in Malaysia. Three of them were plants of MNEs: Toshiba (semiconductors), NEC (semiconductors) and Sony (floppy disk drives). The other three were projects of SMEs: Moritetsu (wires and parts for speakers), Hirose (connectors) and Kenseisha (chassis for floppy disk drives).

29. In fact, from the above-mentioned interview emerged that the three MNEs have a very similar, trade “oriented” structure. While their output is totally exported to the neighbour Asian Pacific countries, only 25% of the total need for parts is locally supplied, 25% is imported from Singapore and around 50% is supplied from Japan.

30. OEM = Official Equipment Manufacturing.

31. From the interview emerged that in all the three cases of SMEs, parts were totally provided from Japan. However, the investment were very recent (1989) and they showed the intention to increase local sourcing in the future.

32. Note that these values refer to the whole manufacturing sector.

33. For example, the first huge Japanese investment in this sector was that of Matsushita in 1967, devoted to the production of radios and black & white television sets.

34. Today, Malaysia has a population of about 18 million.

35. More in general, it is registered an increase of projects aimed to serve the internal Asian market.
(manufacturing sector) or computer and software-related services (service sector).

51. In fact, the two sub-sectors of consumer and industrial equipment goods are growing faster than that of electronic parts.

52. Like, for instance, vocational schools.

53. The risk is the formation of bottlenecks, both in the availability of skilled labor and of infrastructures.

54. Like for instance some rules on equity sharing or local sourcing.
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---- Electronics Industry in Malaysia : Investment Opportunities and Incentives - Paper presented at Seminar on “Present position of the Electronics Industry in Malaysia and its future prospects” - MIDA - Kuala Lumpur, 25 July, 1991

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EIAJ (Electronics Industry Association of Japan) '90 Kaigai Houjin Risuto ('90 List of Overseas Corporations) - Tokyo : EIAJ Research Corporation, 1991a

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---- A Perspective of the Japanese Electronics Industry - Tokyo,1991c

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Hiraguchi Kikuo “Latest Trend in Electronics and Electric Industries in Southeast Asia” RIM Pacific Business and Industries Vol.2 N.4 pp.21-29, 1989

ISIS (Institute of Strategic and International Studies) JASA - A new Era of Cooperation - Proceeding of the first Japan-South East Asia Conference - Kuala Lumpur, November
1989

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JETRO Kuala Lumpur Japanese Related Companies in Malaysia - Kuala Lumpur, March 1991

---- Mareshia Keizai-Boueki Doukou - (Trend of Malaysian Economy and Trade) - Kuala Lumpur, June 1991

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Koike K. and Takeniri I. Skill Formation in Japan and Southeast Asia - Tokyo : University of Tokyo Press, 1990

Line Richard The International Electronics Industry - Special Report N.2050 - The Economist Intelligence Unit - London, December 1990

MIDA (Malaysian Investment Development Authority) Malaysian Incentives for Industries - Kuala Lumpur, 1990a

---- Malaysia Industrial Financing - Kuala Lumpur, 1990b

Miyawaki “Nihon no Denshi Kikai Sangyou to Higashi Ajia” (Japanese Electronics Machinery Industry and East-Asia) in Aida & Kobayashi (ed) 1991

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Ramstetter Eric D. (ed.) Direct Foreign Investment in Asia's Developing Economies and Structural Change in the Asia-Pacific Region - Boulder : Westview Press, 1991

Spinanger Dean Industrialization Policies and Regional Economic Development in Malaysia - Singapore : Oxford Univ. Press, 1986

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--- “The Product Cycle Hypothesis in the New International Environment” Oxford Bulletin of Economics Vol.41 pp.255-267, November 1979

Vijakakumari Kanapathy “The Electrical Industry : Status and Equipment” ISIS Research

Note - Kuara Lumper, 1987

Watanabe Toshio Kaihatsu Keizaigaku - Keizaigaku to Kindai Ajia (Development Economics - Economics and Contemporary Asia) - Tokyo : Nihon Hyouronsha, 1986
Wong Poh Kam Technological Development Through Subcontracting Linkages Sinagpore : Asian Productivity Organization, 1991

Yamada Bundo “International Strategies for Japanese Electronics Companies. Implications for Asian Newly Industrializing Economies (NIEs)” OECD Development Centre Technical Papers N.28 - Paris, October 1990

Yamazawa Ippei Nihon no Sangyou Hatten to Kokusai Bungyou (Japanese Industrial Development and International Division of Labor) - Tokyo : Touyou Keizai Shinpousha, 1984

---- Economic Development and International Trade. The Japanese Model - Honolulu (Hawaii) : East-West Centre, 1990

--- “Sangyou Hatten to Kokusai Bungyou” (Industrial Development and International Division of Labor) in Shinohara M. (ed) Nihon Keizai no Dainamizumu (The Dynamism of the Japanese Economy) Tokyo : Touyou Keizai Shinpousha, 1991a

--- Current Trend of the Asia-Pacific Trade Paper presented at 5th PECC Trade Policy Forum - Kuala Lumpur, 19-21 August 1991b

---- “On Pacific Economic Integration” The Economic Journal - N.102 pp.1519-1529 - November, 1992

Yasuda Nokuyuki “Malaysia’s New Economic Policy and the Industrial Co-ordination Act” The Developing Economies - Vol, XXIX N.4-pp, 330-349, Dec. 1991
$$
\begin{array}{c|cccc}
& \ln\left(\frac{K S N N}{D F N W}\right)=a+\sum_{i}b_{i}R B R A_{-i}+\sum_{i}c_{i}(R E U D+F P)^{-i}+d\ln\left(-\frac{B P M G}{D F N W}\right)+e\ln D F N W & & & & & \\
a & M & 4.2711 & & & & & \\ & & (18.87) & & & & \\ & Q & 2.7710 & & & & \\ & & (5.22) & & & & \\
\end{array}
$$

推定期間：M 1975.7~1982.3

Q 1975.Ⅲ~1982.I

b & M & 0.0108 & - & -0.0117 & 0.0020 & 0.0205 & 1 & Y & N & 5.0 \\
& & & & (1.66) & (0.43) & (2.94) & & & & & & \\
& Q & 0.0255 & - & 0.0255 & & & & - & - & - & - \\
& & & & (2.15) & & & & & & & & & \\
c & M & -0.0051 & 0.0016 & -0.0012 & -0.0015 & -0.0041 & 1 & Y & N & 5.0 \\
& & & (0.49) & (0.38) & (0.46) & (1.09) & & & & & & \\
& Q & -0.0182 & -0.0020 & -0.0162 & & & & - & - & - & - \\
& & & (0.29) & (1.76) & & & & & & & & & \\
d & M & 0.8956 & & & & & & & & & & & \\
& & (7.54) & & & & & & & & & & & \\
& Q & 1.0246 & & & & & & & & & & & \\
& & (5.30) & & & & & & & & & & & \\
e & M & -0.3369 & & & & & & & & & & & \\
& & (6.57) & & & & & & & & & & & \\
& Q & -0.2701 & & & & & & & & & & & \\
& & (3.26) & & & & & & & & & & & \\
& & & S E & \bar{R}^{2} & D W & & & & & & & \\
& M & 0.0603 & 0.979 & 0.864 & & & & & & & \\
& Q & 0.0536 & 0.983 & 1.489 & & & & & & &
\end{array}
$$
$$
\begin{array}{c|cccc}
& \ln\left(\frac{K S B C}{D F N W}\right)=a+\sum_{i}b_{i}R B R A_{-i}+\sum_{i}c_{i}\left(R E U D+F P\right)_{-i}+d\ln\left(\frac{B P M G}{D F N W}\right)+e\ln D F N W & & & & & \\
a & M & -0.4646 & & & & \\
& Q & -5.2795 & & & & \\
& & & \sum & t & t-1 & t-2 & t-3 & d. & h.c. & t.c. & k \\
b & M & 0.0564 & -0.0306 & 0.0238 & 0.0098 & 0.0534 & 1 & N & Y & 1.0 & & \\
& Q & 0.0486 & -0.0201 & 0.0687 & & & & & & & & & \\
& & & \sum & t & t-1 & t-2 & t-3 & d. & h.c. & t.c. & k \\
c & M & -0.0369 & -0.0128 & -0.0078 & -0.0051 & -0.0111 & 1 & N & Y & 1.0 & \\
& Q & -0.0782 & -0.0375 & -0.0407 & & & & & & & & & \\
d & M & 1.9725 & & & & & & & & & & & \\
& Q & 3.0335 & & & & & & & & & & & \\
e & M & 0.3867 & & & & & & & & & & & \\
& Q & 0.8416 & & & & & & & & & & \\
& & & SE & \bar{R}^{2} & DW & & & & & & & \\
& M & 0.1581 & 0.835 & 0.708 & & & & & & & \\
& Q & 0.1111 & 0.914 & 1.367 & & & & & & & \\
\end{array}
$$

表5.6 銀行部門短期資本純負債（シラー・ラグ）
a	M	1.0600(5.15)
a	M	0.9321(7.69)
表5.9.1 通貨当局の積極的介入（シラー・ラグ）
M	$ \frac{INTV}{GFX_{-1}} = a + \sum_{i} b_i \left( \frac{FXS}{FXS_{-1}} \right) - i + c \left( \frac{BPMG}{GFX_{-1}} \right) $
1.9025 (4.05)
Q	2.0631 (4.07)
M	-1.9280	t	t-1	t-2	t-3	t-4	t-5	t-6	d.	h.c.	t.c.	k
-0.4598 (4.65)	-0.3631 (5.19)	-0.2739 (4.49)	-0.2095 (3.41)	-0.1696 (2.68)	-0.1357 (2.08)	-0.0994 (1.49)	1	N	Y	1.0
Q	-2.196	t-7	t-8	t-9	t-10	t-11	t-12
-0.0685 (1.00)	-0.0502 (0.72)	-0.0384 (0.56)	-0.0285 (0.46)	-0.0210 (0.44)	-0.0106 (0.27)
M	0.0954 (1.40)	-0.9123 (4.35)	-0.6584 (4.26)	-0.4198 (3.29)	-0.2062 (2.07)	0.0003 (0.00)	1	N	Y	1.0
Q	0.1491 (2.11)
M	SE	R²	DW
0.0424	0.185	1.883
Q	0.0873	0.338	1.806
表5.9.2 通貨当局の積極的介入（アーモン・ラグ）
$ \frac{INTV}{GFX-1} = a + \sum_{i} b_{i} \left( \frac{FXS}{FXS-1} \right) - i + c \left( \frac{BPMG}{GFX-1} \right) $
a	M	2.0172 (4.24)
b	M	-2.047	-0.5161 (4.97)	-0.3748 (6.01)	-0.2671 (5.08)	-0.1885 (3.33)	-0.1343 (2.27)	-0.1001 (1.72)	-0.0813 (1.44)	3	N	Y
t-7	t-8	t-9	t-10	t-11	t-12
-0.0734 (1.27)	-0.0718 (1.15)	-0.0720 (1.07)	-0.0695 (1.03)	-0.0597 (1.01)	-0.0380 (1.00)
Q	-2.256	-1.2361 (4.24)	-0.4644 (2.28)	-0.1890 (0.88)	-0.1758 (0.81)	-0.1907 (0.82)	3	N	Y
c	M	0.1051 (1.58)
Q	0.1306 (1.61)
SE	R²	DW
M	0.0394	0.293	1.874
Q	0.0800	0.445	1.771
表 5.31 及び 5.32 の輸入関数をみよう。相対価格の長期乗数はいずれの場合でも -0.52～-0.54 となっており, GNP 弾性値は 0.97～1.00 である。

資本移動の分布ラグ・パラメーターについての分布は5.3で述べる。

表 5.7 の短期利子率において, 理論モデルに現れる $ RESR/(DD+DT) $ は有意でなかったためはずして推定した。公定歩合 (RDIS) のパラメータ一bは月次, 四半期ともに約1であるが, 利子裁定に基づく海外金利の影響は四半期の方が大きい。この解釈は難しいが, t値があまり高くないのでコメントは差し控えよう。

表 5.8.1 及び 5.8.2 の長期利子率において, パラメータ一bが短期利子率との期間構造, cが物価からの影響の大きさを表わしているが, 長期乗数は物価の方が大きい。このことは, 長期利子率と短期利子率の期間構造が比較的弱いことを示している。

表 5.9 1 及び表 5.9 2 の介入関数において, 対外流動性ポジションの保持を示すパラメータ一 c は月次のものより四半期が大きい。これも時間集計の影響と思われる。

表 5.10 の先物プレミアムにおいて, 利子裁定パラメーター b は約 1 となっており, カバーされた利子裁定が成立していることが分かる。しかし他の変数も十分有意であり, 先物為替レートがそれだけで定まるわけではないことを示している。

### 5.3 時間集計がパラメーター, 統計量に与える影響

第3節,第4節で述べた回帰モデルにおける時間集計の影響を,推定されたモデルについて調べてみよう。予測誤差についての分析は第7節で述べるので,ここでは触れない。

まず決定係数を調べよう。第3節の結果より説明変数が1つの場合は,月次モデルの決定係数( $ R^{2} $ )と四半期モデルの決定係数( $ R^{*2} $ )の間には,

表 5.11 決定係数の比較

万程式	$ \theta_{1}^{n} $	$ \theta_{2}^{n} $	$ \bar{R}^{2} $
月次 $ \bar{R}^{2} $	迎半期 $ \bar{R}^{*2} $
BPXG	0.858	0.771	0.913	0.904
BPMG	0.265	0.043	0.766	0.885
KLNPL	0.912	0.762	0.952	0.895
KSNN	0.534	0.397	0.979	0.983
KSBC	0.634	0.489	0.835	0.914
RBRA	0.394	0.174	0.879	0.927
RSEC	0.829	0.636	0.643	0.497
INTV	0.053	-0.006	0.185	0.338
FP	0.193	0.095	0.824	0.905

$ C_{x<}^{>}C_{u} $ ならば $ R^{*2}\overline{R}^{*2}$ 式である。一方, INTV の式では, $\rho_{1}^{u}=0.053$ と残差の自己相関が弱く, $R^{2}
表 5.12 t 値 の 比較

x	u	C_x	C_u	$ \sqrt{1+C_x\cdot\frac{1}{1+C_u}} $	t值
$ \rho_1 $	$ \rho_2 $	$ \rho_1 $	$ \rho_2 $	月次t	四半期t*
BPXG	0.858	0.771
$ \ln(TWM) $	0.996	0.989	1.987	1.658	0.612	9.25	6.10
BPMG	0.265	0.043
$ \ln(GNP) $	1.000	0.999	1.999	0.382	0.851	14.28	12.87
KLNPL	0.912	0.762
GNPV/DFNW	0.999	0.997	1.996	1.724	0.606	23.13	8.79
KSNN	0.554	0.397
$ \ln(BPMG/DFNW) $	0.981	0.972	1.956	1.003	0.701	7.54	5.30
$ \ln(DFNW) $	0.999	0.997	1.996	1.003	0.706	6.57	3.26
KSBC	0.634	0.489
$ \ln(BPMG/DFNW) $	0.981	0.972	1.956	1.117	0.682	6.27	7.58
$ \ln(DFNW) $	0.999	0.997	1.996	1.117	0.687	2.85	4.90
RBRA	0.394	0.174
RDIS	0.973	0.939	1.950	0.641	0.774	15.06	9.35
(REUD+FP)	0.581	0.457	1.079	0.641	0.650	1.99	2.10
INTV	0.053	-0.006
BPMG/GFX-1	0.966	0.935	1.911	0.066	0.954	1.40	2.11
FP	0.193	0.095
(REUD-RBRA)	0.945	0.872	1.841	0.320	0.847	12.69	10.35
BPXG/DFNW	0.991	0.986	1.978	0.320	0.867	4.61	3.86
BPMG/DFNW	0.983	0.980	1.964	0.320	0.865	4.12	3.50

パラメーターについてこのことを調べよう。plim $\hat{\underline{B}}=C_{3}^{'}D_{3}\beta$

$$ \eta=\sqrt{\frac{1+C_{x}}{1+C_{u}}\bullet\frac{1}{3}} $$

表 5.12 が結果である。まず, 上記の基準は近似的なものであることに注意しなければならない。また, 式からわかるように $ \eta=\sqrt{\frac{1}{1}} $ が 1 を超える状況はごく限られている。したがって, $ \eta $ が 1 に近い値をとるときに $ t^{*}>t $ となる可能性が高いと読み取るべきであろう。しかしながら, 表 5.12 からはつきりとした結論は出せないように思われる。

分布ラグについては時間集計がどのような影響を及ぼしているであろうか。多変数の分布ラグ・モデルにおいて, 各変数が独立でまた変数間に全く相互依存関係がなければ, 第 2 節の結果より, 基本モデル(月次モデル)のラグ・パラメータ一 $ \beta $ と, 便宜的な集計モデル(四半期モデル)のラグ・パラメータ一の最小二乗推定量 $ \hat{B} $ との間には,

$$ \begin{aligned}=\begin{pmatrix}{{{1}}}&{{{\frac{2}{3}}}}&{{{\frac{1}{3}}}}&{{{0}}} \\{{{\frac{1}{3}}}}&{{{\frac{2}{3}}}}&{{{1}}}&{{{\frac{2}{3}}}}&{{{\frac{1}{3}}}} \\{{{0}}}&{{{\frac{1}{3}}}}&{{{\frac{2}{3}}}}&{{{1}}}&{{{\frac{2}{3}}}}&{{{\frac{1}{3}}}} \\{{{\ddots}}} \\\end{pmatrix}\frac{\beta}{}\end{aligned} $$

という関係があった。そこで$\beta$ の代わりに，基本モデル(月次モデル)の最小二乗推定量$\beta$ を用いて，

$$ \hat{\underline{B}}^{*}=C_{3}^{^{\prime}}D_{3}\hat{\beta} $$

と定義し, $\hat{\underline{B}}$ と $\hat{\underline{B}}$ を比較してみよう。まずシラー・ラグについて計算したものが表5.13である。各方程式ごと分布ラグ変数について,変数に自己相関構造がない場合に,月次パラメーターから誘導される四半期パラメーター $\hat{\underline{B}}$ と,四半期モデルのパラメーター推定値 $\hat{\underline{B}}$ が示されている。上段が $\hat{\underline{B}}$ ,下段が $\hat{\underline{B}}$ である。また,
## 省庁別財務書類について

### 1. 作成目的

一般会計及び特別会計を合算した財務省の財務状況を開示。

### 2. 作成方法

「省庁別財務書類の作成基準」に基づき作成（省庁内部における取引等を相殺消去）。

3. 各財務書類の表す財務情報

（貸借対照表）

資産及び負債の状況を開示。

(業務費用計算書)

本年度に発生した費用の状況を開示。

（資產·負債差額增減計算書）

貸借対照表の前年度末資産・負債差額と本年度末資産・負債差額の増減を要因別に開示。

（区分別收支計算書）

歳入歳出決算の財政資金の流れを区分別に開示。

財務省の業務等の概要

### 1. 業務の概要

予算の編成、租税の賦課徴収、国庫金の管理運用、財政融資資金の管理運用、金融危機管理の企画・立案、国有財産の管理、国際金融上の諸問題の処理等

### 2. 定員数

71,100 人（平成26年度予算定員）

3. 主な財政資金の流れ(対一般会計)

国債整理基金特別会計

…公債の償還金、利子等の繰入

独立行政法人及び政府関係機関

…出資及び補給金の支払等

## 参考情報

公債関連情報(仮定計算により算定)

公債発行対象経費及び歳出決算額の累計額等を基礎として配分される本年度末公債残高476,008億円、本年度公債発行額19,463億円、本年度利払費4,924億円

財務省 平成26年度省庁別財務書類の概要

貸借対照表

業務費用計算書

前年度	26年度	增減
人件費	541	583	41
退職給付引当金等線入額	46	54	7
(再)保險費	7	3	△ 3
補助金等	67	70	3
委託費等	105	91	△ 14
交付稅及び讓与稅配付金	650	-	△ 650
特別会計へ線入
庁費等	172	181	9
公債事務取扱費	27	25	△ 2
減価償却費	94	91	△ 3
責任準備金線入額	110	120	10
支払利息	9,582	9,421	△ 170
公債償還損益	41	46	4
資産処分損益	△ 187	△ 199	△ 11
資産評価損	232	15	△ 217
その他の業務費用	180	164	△ 15
本年度業務費用合計	11,673	10,662	△ 1,011

(单位:十億円)

(单位:十億円)

資產・負債差額増減計算書

前年度	26年度	增減
前年度末資產·負債差額	△ 659,233	△ 675,103	△ 15,869
本年度業務費用合計(A)	△ 11,673	△ 10,662	1,011
財源合計(B)	△ 22,072	△ 12,138	9,933
租税及印紙收入	46,952	53,970	7,017
他省庁への財源の配賦	△ 77,303	△ 72,566	4,736
その他の財源	8,277	6,456	△ 1,820
無償所管換等	△ 20	△ 205	△ 185
資産評価差額	671	4,042	3,370
為替換算差額	17,521	14,200	△ 3,320
その他資産·負債差額の増減	△ 296	△ 177	118
本年度末資産·負債差額	△ 675,103	△ 680,045	△ 4,942

区分別收支計算書

前年度	26年度	增減
業務收支	15,379	32,223	16,844
財源	213,786	364,039	150,252
業務支出	△ 198,407	△ 331,815	△ 133,408
財務收支	21,077	△ 14,279	△ 35,356
公債兌行等收入	909,927	933,168	23,241
公債償還等支出	△ 888,850	△ 947,448	△ 58,598
本年度收支(業務收支+財務收支)	36,456	17,943	△ 18,512
余裕金の運用	△ 26,056	△ 31,549	△ 5,492
資金残高等	1,160	31,275	30,115
本年度末現金·預金残高	11,560	17,669	6,109

(单位:十億円)

前年度	26年度	增減	前年度	26年度	增減
<資產の部>	<負債の部>
現金・預金	11,560	17,669	6,109	未払金等	2,254	3,074
有価証券	145,848	158,896	13,048	政府短期証券	117,443	117,934
未収金等	5,996	5,841	△155	国庫余裕金繰替金	4,600	-
貸付金	146,063	146,585	522	公債	854,447	880,646
他会計繰戻未収金	784	18	△766	預託金	28,621	31,090
貸倒引当金	△108	△120	△11	責任準備金	1,072	1,193
有形固定資產	6,526	6,512	△13	退職給付引当金等	1,018	960
出資金	21,553	23,307	1,753	その他の負債	7,167	7,329
その他の資產	3,298	3,472	174	負債合計	1,016,626	1,042,229
<資產・負債差額の部>
資產・負債差額	△675,103	△680,045
資産合計	341,523	362,183	20,660	負債及び資産・負債差額合計	341,523	362,183

主な科目の内訳

(カッコ内は前年度からの増減額)
1. 貸借対照表(資産)
有価証券	158 兆 8,961 億円(+13 兆 480 億円)
…外貨証券	128 兆 7,046 億円(+9 兆 5,547 億円)
貸付金	146 兆 5,859 億円(+5,227 億円)
…地方公共団体	51 兆 196 億円(△1 兆 974 億円)
(負債)
公債	880 兆 6,464 億円(+26 兆 1,984 億円)
…特例国債	478 兆 5,778 億円(+29 兆 9,442 億円)
…建設国債	262 兆 6,936 億円(+2 兆 7,513 億円)
2. 業務費用計算書
支払利息	9 兆 4,124 億円(△1,704 億円)
…一般会計	8 兆 1,128 億円(+222 億円)

## 主な増減内容

1. 貸借対照表(資産)有価証券…外国為替資金特別会計(負債)公債…特例国債…建設国債	+9 兆 5,547 億円+29 兆 9,442 億円+2 兆 7,513 億円

2. 業務費用計算書

交付税及び譲与税配付金特別会計へ繰入

…財政投融資特別会計 △6,500 億円

3. 資產·負債差額增減計算書

本年度業務費用合計と財源合計との差額(財源不足)

△22 兆 8,012 億円

(左記(A) + (B)により算出)

⇒ 企業会計の「当期純損失」に相当

4. 区分别收支计算书

+155 兆 5,716 億円

有価証券の取得による支出

△153 兆 3,405 億円

財務収支…政府短期証券の発行による収入

+41 兆 5,922 億円

政府短期証券の償還による支出

△41 兆 9,044 億円