Financial System Council “Don't Look Away from Worse Finances” 19:44, July 2

The government's financial system council has taken the view that reform of the fiscal system should be steadily promoted after the end of the infection, saying that the fiscal situation has deteriorated sharply in response to the new coronavirus.

The government's financial system council, for example, said that it could not secure enough time for deliberation due to the influence of the new coronavirus.

According to it, it is said that for the immediate fiscal management, the top priority is to protect the lives and economic society of the people from the influence of the new coronavirus, and the effect should be verified while promptly executing the two supplementary budgets etc. is.

And when the supplementary budget is added, the general account expenditure for this fiscal year exceeds 160 trillion yen, and the new amount of JGB issuance exceeds 90 trillion yen. "We must not look away from the worsening budget.

After that, he pointed out that, after the infection is resolved, it is necessary to steadily implement reforms to improve fiscal health, such as reviewing social security benefits and burdens.

Chairman Sakakibara said at a press conference, "I would like to warn of the fiscal reality that the amount outstanding of government bonds approaches 1,000 trillion yen. There are arguments that it is okay because of the low interest rate environment, but never forget the fiscal discipline." Emphasized.