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.
In order to win the support of the small Democratic Party for the People to pass an economic stimulus package, the coalition agreed to raise a ceiling on tax-free income during the annual tax reform process.
This story is from the December 28, 2024 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 28, 2024 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
Mike Johnson Re-elected US House Speaker
Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Some key events to look forward to in space & astronomy
Some key events to look forward to in space & astronomy
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
Introspection needed in the media
attention is paid to these two things that we seem never to get to the issues that really affect ordinary people like healthcare, education, pollution and the horrendous conditions in which most Indians are forced to live.