3. Supplement to the deficit in ordinary revenue and expenditure \4,646 billion
(1) Supplement by local allocation tax \2,756 billion
-of which, deferred repayment of the loan from the special account for local allocation tax
FY 98-2000 \646 billion
- increase in local allocation tax \2,110 billion
(2) Bonds supplementing general revenue \1,890 billion
・Local public finance has shown a large deficit since FY 94, and Clause 2, Article 6-3 of the Local Allocation Tax Law has been applied for 3 successive years since FY 96.
・The repayments for the loans from the special account for local allocation tax during the 3-year intensive reform period (FY 98 to FY 2000) of the financial structural reform will be deferred beyond FY 2001. During the intensive reform period, the national government and local authorities will as a rule share equally the part of the deficit supplemented by the local allocation tax.
Deferred repayments for the loans from the special account for local allocation tax
FY 98... \646 billion, FY 99...\707 billion, FY 2000...\929 billion
