Top > Press Releases > Back Issues > December 2009 > Outline of METI’s draft budget for FY 2010
1. Summary
The Ministry of Economy, Trade and Industry (METI)'s draft budget for FY 2010 was compiled with particular emphasis on
- Seeking medium- to long-term growth by utilizing Japan’s technologies and human resources and by facilitating the creation of industries and employment especially in areas such as the environment sector, with Asian markets in view;
- Taking measures to vitalize SMEs and regional economies and industries in light of the situation, such as the ongoing severe economic and employment conditions and exchange rate fluctuations, and reinforcing moves toward an economic recovery by combining the new budget with the FY 2009 second supplementary budget;
- Taking global warming countermeasures, such as supporting the introduction of facilities, as well as development of technologies, conducive to the establishment of a low-carbon society, and making every effort to ensure a stable supply of natural resources and energy; and
- Reviewing existing measures, while increasing the efficiency of the implementation of the budget and projects by improving their mechanisms and other aspects.
| FY 09 original | FY 10 request (Oct/09) | FY 10 draft | |||||
|---|---|---|---|---|---|---|---|
| Change from the FY 09 original budget | Change from the Oct. request | ||||||
| Amount | % | Amount | % | ||||
| General Account (excluding transfer to the Energy Resources Special Account) | 4,281.3 | 4,279.7 | 4,109.6 | -171.7 | -4.0 | -170.1 | -4.0 |
| Energy Resources Special Account | 7,034.0 | 7,031.7 | 6,938.1 | -95.9 | -1.4 | -93.6 | -1.3 |
| Patent Special Account | 1,203.7 | 1,202.5 | 1,190.9 | -12.8 | -1.1 | -11.6 | -1.0 |
| External Trade Reinsurance Special Account | 2,060.9 | 2,056.8 | 2,005.1 | -55.8 | -2.7 | -51.7 | -2.5 |
| General Account (including transfer to the Energy Resources Special Account) | 10,163.3 | 10,266.7 | 9,921.6 | -241.7 | -2.4 | -345.1 | -3.4 |
- Expenditures on SME support measures
- 191.1 billion yen (189 billion yen), +1.1%
- * Including those appropriated by the Ministry of Finance.
- Budget for global warming countermeasures
- 515 billion yen (503.8 billion yen), +2.2%
2. Main fields and projects
- Main fields and projects (PDF : 353KB / available in Japanese)
3. Incorporating the results of the screening of budget requests
METI's FY 2010 budget was compiled incorporating the results of the Government Revitalization Unit's screening of budget requests as much as possible.
How they were incorporated in each project is described in Appendix 1. (PDF : 46KB / available in Japanese).
4. Returning funds to the national treasury
METI extensively examined funds established by independent administrative institutions and public service corporations (including those not subjected to the screening by the Government Revitalization Unit) in terms of the possibility of returning to the national treasury.
As a result, METI estimated that approximately 72 billion yen could be returned to the national treasury in FY 2010 (although, with regard to independent administrative institutions, legislation to permit such return of funds to the national treasury is needed).
(1) Funds established for specific purposes
Approximately 55 billion yen will be returned in total to the national treasury by 12 METI-affiliated corporations from their 16 funds (including funds reserved as security deposits, caution money, etc.).
(2) Other funds
In addition to the above, funds managed by independent administrative institutions in the form of investment in national bonds and the like will also be returned to the national treasury after subtracting the amount needed for the time being. At present, about 17 billion yen is estimated to be returnable in FY 2010.
5. Public opinions gathered on METI’s budget
As a new attempt to compile and implement the budget in consideration of the opinions of citizens, METI solicited public opinions on its projects subjected to the Government Revitalization Unit’s screening process, from November 20, 2009, at its official website.
As a result, 1,226 opinions were submitted by December 23. These opinions were used for reference during the compilation of the FY 2010 budget. (Appendix 3 for the number and other details of opinions for each project) (PDF : 5KB / available in Japanese).
METI plans to solicit public opinions in the same manner at milestones in its budget compilation and implementation processes.
Release Date
December 25, 2009
Division in Charge
Budget and Accounts Division, Minister's Secretariat
