Government budget balance reached -20,382 in 2018 in Japan, according to the National Statistical Office. This is 10.7 % less than in the previous year.
Historically, government budget balance in Japan reached an all time high of -18,069 in 1994 and an all time low of -41,030 in 2010. When compared to Japan's main peers, government budget balance in China amounted to -3,694, 1,598 in Russia, 44,054 in South Korea and -1,040 in USA in 2018.
Japan has been ranked 81st within the group of 84 countries we follow in terms of government budget balance, 50 places above the position seen 10 years ago.
A government budget deficit is the amount by which government revenues fall short of government spending (the opposite being a budget surplus).
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