Japan’s total national debt hits a record high at the end of 2024

The Ministry of Finance of Japan announced that as of the end of December 2024, the total “national debt” of national bonds, loans and government short-term securities reached 1317.6365 trillion yen. It increased by 7.1980 trillion yen from the end of September 2024, setting a record high.

On February 10, the Ministry of Finance of Japan announced that as of the end of December 2024, the total “national debt” of national bonds, loans and government short-term securities reached 1317.6365 trillion yen. It increased by 7.1980 trillion yen from the end of September 2024, setting a record high. The debt balance swelled due to the new issuance of national bonds by Japan to fill the budget funding gap.

The balance of ordinary national debt issuance that needs to be repaid through taxation is 1071.0047 trillion yen, an increase of 5.6908 trillion yen from the end of September. Among them, the outstanding balance of the GX (Green Transformation) economic transformation bonds, which were issued for 350 billion yen in October, reached 3.4970 trillion yen.

In addition to ordinary government bonds, the total amount of government bonds, including special accounting bonds for fiscal investment and financing and special government bonds for donations, is 1173.5559 trillion yen. The government short-term securities used for temporary capital turnover are 97.1995 trillion yen, and borrowings from financial institutions, etc. are 46.8812 trillion yen.