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A Study On Financial Deficit And Declining Birthrate1 - From The Viewpoint Of "Children As A Social Security Revenue Source" -

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Executive Summary

With a declining birthrate and an aging population, Japan is increasingly finding itself in deeper financial difficulties. Recognizing these conditions, the government is now examining a framework for maintaining fiscal sustainability, mainly at the Council of Economic and Fiscal Policy. The predominant cause of such financial difficulties is the existence of "Financial Deficit" which has persevered for several years. In the background, however, it has also been largely influenced by the increasing social security cost. In actual fact, social security benefit made up 11.3% of the annual GDP in 1987, rising to 16.8% in 2003, which was an increase of about 1.5 times.

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