Makrognosis

Japan Government Budget Balance

AnnualNot seasonally adjustedCode JP.BUDGET.A.NSA

Latest−1.4%2024
Previous−1.9%2023
Year ago−1.9%2023

Japan Government Budget Balance was −1.4% in 2024, up 0.5 percentage points from 2023.

That is the highest reading since the series began in 1994.

Over the past ten years it has ranged from −10.0% (2020) to −1.4% (2024), averaging −3.9%.

Japan Government Budget Balance (% of GDP), 1994 – 2024−12%−10%−8%−6%−4%−2%199520002005201020152020Robomacro
Japan Government Budget Balance (% of GDP), 1994 – 2024. Source: Statistics Bureau of Japan (e-Stat).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
2024−1.4%
2023−1.9%
2022−3.4%
2021−6.2%
2020−10.0%
2019−3.1%
2018−2.4%
2017−2.9%
2016−3.4%
2015−3.5%
2014−5.1%
2013−7.3%
2012−8.2%
2011−8.9%
2010−8.9%
2009−10.1%
2008−5.3%
2007−2.9%
2006−3.0%
2005−4.0%
2004−5.0%
2003−6.9%
2002−7.7%
2001−6.2%

Last 24 observations. The full history (31 observations) is available through the API.

Get Japan Government Budget Balance in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/JP.BUDGET.A.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/JP.BUDGET.A.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observation2024
First observation1994
Observations31
FrequencyAnnual
Units% of GDP
AdjustmentNot seasonally adjusted
10-year high−1.4% (2024)
10-year low−10.0% (2020)
10-year average−3.9%
Source agencyStatistics Bureau of Japan (e-Stat)
Makrognosis codeJP.BUDGET.A.NSA

Other Japan indicators

Japan GDP (Gross Domestic Product)Japan Nominal GDP, expenditure side, current prices, SA at annual rate (Cabinet Office QE)Japan CPI: All items (2025=100)Japan Inflation Rate (CPI)Japan Core Inflation RateJapan Unemployment RateJapan Unemployment Rate (not seasonally adjusted)Japan Credit Rating & Sovereign Risk ScoreJapan Industrial ProductionJapan Producer Price Inflation (PPI)Japan Current Account Balance (BoP, monthly)Japan Trade Balance: Goods & ServicesJapan Merchandise Exports, BoP basis (Goods Credit, BPM6)Japan Merchandise Imports, BoP basis (Goods Debit, BPM6)Japan EmploymentJapan M2 Money Stock

FAQ

What is the current government Budget Balance in Japan?
The latest reading is −1.4% for 2024, published by Statistics Bureau of Japan (e-Stat).
Where does this data come from?
It is collected directly from Statistics Bureau of Japan (e-Stat) and is available through the Makrognosis API under the code JP.BUDGET.A.NSA.

Last updated 2026-08-13. Source: Statistics Bureau of Japan (e-Stat). Original title: “Japan general government net lending (+)/borrowing (-), % of GDP (Cabinet Office SNA, fiscal year)”.