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Local Allocation Tax to 20.2 Trillion Yen, up for Eighth Consecutive Year, Lowest Level in 25 Years (Kyodo News)

On the 24th, Minister of Internal Affairs and Communications Yoshimasa Hayashi and Minister of Finance Satsuki Katayama agreed to set the total amount of local allocation tax to be distributed to local governments in fiscal 2026 at 20.2 trillion yen. This is the eighth consecutive year of increase, exceeding the 18.9 trillion yen initially set for fiscal 2025. It is the first time in 25 years, since fiscal 2001, that the amount has exceeded 20 t…Yoshimasa Hayashi · Japan Read Article