Definitions for "Allocations to the National Treasury"
When government-affiliated corporations and institutions earn profits, they must allocate part of the money to the national treasury. Among such entities are the Japan Racing Association and the Bank of Japan. The JRA, a horse-racing operator, is required to allocate 10% of sales and 50% of surplus funds to the state treasury, while the BOJ allocates almost all its surplus funds. Such allocations are treated as nontax revenue. With the government facing a serious revenue shortfall amid a decline in tax revenue, one of its most urgent tasks is to increase nontax income. The economic recession is also causing a decline in revenue from horse racing and other publicly operated venues/events. The move to review the requirement for special public corporations, related to publicly operated venues/events, to allocate funds to state coffers is seen as an effective way to prompt such entities to improve their financial position.