Twenty Trillion Yen of Subsidy Kept Unused
Board of Audit of Japan (BAJ) released a report on situation of funds that are established under supervision of ministries of national government or prefectural governments. The first report on this issue found that there have been a large number of funds in certain ministries and that they possess a great amount of subsidy unused. The size has swollen beyond 20 trillion yen, exceeding annual national budget. BAJ recommends ministries to review their funds to eliminate its inefficiency. The national government of Japan issues subsidy to projects of ministries, independent administrative agencies or local governments, which are not completed within a fiscal year. Although the national government can check out how much subsidies are issued, it cannot grab how much was spent for the projects. Receiving a request from the House of Councillors in 2024, BAJ started investigation on those funds. The report is the result of the investigation. According to the report, ...