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.
Bu hikaye Financial Express Kochi dergisinin December 28, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Kochi dergisinin December 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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