Japan's Cabinet gives nod to record budget
Financial Express Ahmedabad|December 28, 2024
PLAN MARKS 2.6% HIKE FROM THE CURRENT YEAR
ERICA YOKOYAMA & ALASTAIR GALE

JAPAN'S CABINET APPROVED a record ¥115.5 trillion ($732 billion) budget for the fiscal year starting April 2025, setting up the minority government of Prime Minister Shigeru Ishiba for a key test of its longevity in getting the proposal approved by parliament.

The budget plan detailed Friday marks a 2.6% increase from the current year, and would be partly funded by a record ¥78.4 trillion in tax receipts, enabling a 19% reduction in new bond issuance.

Since losing its lower house majority in an October election, Ishiba's coalition government has been forced to negotiate with opposition parties over policy plans.

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هذه القصة مأخوذة من طبعة December 28, 2024 من Financial Express Ahmedabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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