Japan budget requests hit record of US$997b, fuelled by pandemic spending | Malay Mail

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TOKYO, Oct 7 — Japan’s ministries have asked for a record US$997 billion (RM4.1 trillion) in initial budget for the next fiscal year, the finance ministry said, as Prime Minister Yoshihide Suga’s new government juggles the need to rein in the pandemic and revive the economy. The general...

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Wednesday, 07 Oct 2020 04:09 PM MYT

The general account spending requests for the fiscal year that begins next April totalled ¥105.4071 trillion, exceeding the previous high of ¥105 trillion sought for the current year. The first budget under Suga underscored a struggle for the heavily indebted government to curb snowballing debt that tops twice the size of Japan’s US$5 trillion economy.

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