Investor Presentaiton
3-(4) Medium-term Fiscal Outlook
(%)
96
3. Fiscal Position
Shizuoka
Prefecture
Promoting reforms since FY2000 based on the 3 financial health indicators
3 indicators
of fiscal
health
1) Current account ratio < 90%
2) Limit bond issuance restriction ratio to 15%
3) Prefectural bond balance < \2 trillion
1) Current account ratio: significantly impacted by
national policies
(fiscal flexibility)
(flow indicator)
(stock indicator)
2) Bond issuance restriction ratio (LHS): maintain target range
3) Prefectural bond balance (RHS): maintain target range
(balance excludes extraordinary bonds)
17%
93.6
93.7
94.0
93.2
15%
Target
Level
91.9
(100 mm yen)
25,000
<Medium-term outlook>
Target
Level
20,000
90
00
87.3
93.0 93.3
93.5
13%
90.8
90.9
11%
<Medium-term
outlook>
9%
15,000
10,000
5,000
84
'02 '03 '04
'05 '06
'07 '08 '09 '10 '11 '12
7%
0
'02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12
Actual
Forecasts
Prefectural Bonds (extraordinary bonds)
Issuance Restriction Ratio (Actual)
*Extraordinary bonds: Regional bonds issued in place of local tax grants, in response to the lack of national funding since FY2001. Redemption of principal and interest in later years to be covered by tax grants
10
O Prefectural Bonds (excl. extraordinary bonds)
Issuance Restriction Ratio (Forecast)View entire presentation