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Spending Without TaxationFILP and the Politics of Public Finance in Japan$
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Gene Park

Print publication date: 2011

Print ISBN-13: 9780804773300

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804773300.001.0001

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Understanding the FILP system

Understanding the FILP system

(p.25) Two Understanding the FILP system
Spending Without Taxation
Stanford University Press

The Fiscal Investment Loan Program (FILP) is a government-run financial system that mobilizes and allocates savings in the form of investments and loans that serve public policy purposes. This chapter provides an overview of the FILP system: what it is, how it has functioned, how it has changed, and what existing research has illuminated about it. It compares the FILP system to policy finance systems in other countries. Finally, it lays out the analytic framework for the remainder of the study.

Keywords:   Fiscal Investment Loan Program, fiscal policy, financial regulation, public finance, policy finance systems

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