Deficit-making organization - Akajidantai

...When a local government has a large deficit and is unable to rebuild itself, the Local Government Financial Reconstruction Promotion Special Measures Law (abbreviated as the Reconstruction Law) allows the government to receive assistance under certain conditions. During the post-World War II reconstruction period, the basic background of a sudden increase in financial needs and a shortage of financial resources was compounded by the effects of the recession following the Korean War, and in 1954, 38.5% of all local governments were in the red. In order to overcome this financial impoverishment of local governments, the Reconstruction Law was enacted in 1955, and its provisions have been applied mutatis mutandis to deficit-ridden local governments ever since. ...

*Some of the terminology used to refer to "deficit-making organizations" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…地方公共団体の財政が多額の赤字を生じ，自力再建が困難となった場合，地方財政再建促進特別措置法(略称，再建法)により，一定条件のもとで国からの援助を得ることができる。第2次大戦後の復興期には，財政需要の急増と財源不足という基本的背景に朝鮮戦争後の不況の影響が加わり，1954年度には全地方公共団体の38.5％が赤字団体に転落した。この地方財政の窮乏を打開するため55年に制定されたのが再建法であり，その規定は以後の赤字団体にも準用されている。…

※「赤字団体」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報