TOP＞Local Public Finance System in Japan＞Revenues Local taxes account for about one-third of local government revenue, followed by local allocations tax, national treasury disbursements and Local Government Bonds/loans. ・Local transfer tax: Collected as national tax and transferred to Local Governments ・Special local grant: A revenue source treated as a substitute for local taxes, introduced to supplement a part of the decrease of local tax caused by tax cuts since FY99 ・Local allocations tax ・National treasury disbursements: A general name for funds disbursed from the central government to Local Governments for specified purposes ・Local Government bonds: Local Government borrowings not redeemed within the fiscal year ＜Revenue Breakdown＞　FY 2008 Settlement   Japanese Site｜Terms of Use｜ SiteMap