Ministry of Finance Announces Results of Temporary Borrowing for Fiscal Distribution and Transfer Tax Special Account
Tokyo, Japan – July 24, 2025 – The Ministry of Finance today released the results of its latest auction for temporary borrowings by the Special Account for Fiscal Distribution and Transfer Tax. The auction, held on July 24, 2025, aimed to secure funding for the smooth operation of this crucial fiscal mechanism.
The Ministry of Finance periodically conducts auctions to manage temporary liquidity needs within various special accounts. This particular auction addresses the funding requirements of the Special Account for Fiscal Distribution and Transfer Tax, which plays a vital role in the equitable distribution of national tax revenues to local governments.
Detailed results of the auction, including the total amount borrowed, interest rates, and the success of the bidding process, have been published on the Ministry of Finance’s official website. This transparency is a cornerstone of the government’s commitment to open fiscal management and allows stakeholders to observe the efficiency of public debt management.
The successful execution of this borrowing mechanism ensures the continued ability of the Japanese government to fulfill its obligations to local authorities, thereby supporting essential public services across the nation. The Ministry of Finance remains dedicated to maintaining fiscal stability and ensuring the effective functioning of all public accounts.
交付税及び譲与税配付金特別会計の一時借入金の入札結果（令和7年7月24日入札）
AI has delivered the news.
The answer to the following question is obtained from Google Gemini.
財務省 published ‘交付税及び譲与税配付金特別会計の一時借入金の入札結果（令和7年7月24日入札）’ at 2025-07-24 04:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.