Title

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

Document Type

Book

Publication Date

2011

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.

Recommended Citation

Park, Gene. Spending without Taxation: FILP and the Politics of Public Finance in Japan, Stanford, CA: Stanford University Press (2011).