Spending without Taxation: FILP and the Politics of Public Finance in Japan

Research output: Book/ReportBook

Abstract

Governments confront difficult political choices when they must determine how to balance their spending. But what would happen if a government found a means of spending without taxation? In this book, Gene Park demonstrates how the Japanese government established and mobilized an enormous off-budget spending system, the Fiscal Investment Loan Program (FILP), which drew on postal savings, public pensions, and other funds to pay for its priorities and reduce demands on the budget.

Original languageAmerican English
PublisherStanford University Press
Number of pages321
StatePublished - 2011

Publication series

Name Studies of the Walter H. Shorenstein Asia-Pacific Research Center

Keywords

  • fiscal policy
  • finance
  • appropriations
  • expenditures
  • taxation
  • Japan

Disciplines

  • Finance and Financial Management
  • Political Science

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