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Submission of new budget proposal to the Diet General account total exceeds 102 trillion yen

2020-01-20T02:22:00.848Z

The government, which includes the cost of higher education free of charge and new economic measures, includes a general account of 102.658 trillion yen, the largest ever ...



Submit the new budget proposal to the Diet.General account total exceeds 102 trillion yen in the past.Jan. 20 11:20

The Japanese government, on the 20th, decided on the 20th of the National Assembly's budget proposal for the new fiscal year and Reiwa 2 fiscal year, which included the cost of higher education free of charge and new economic measures, and the largest total amount of general account to be 102.658 trillion yen, the largest ever. Submitted to.

The government officially approved the new year's budget proposal and submitted it to the ordinary Diet convened on the 20th.

The total amount of the general account is 102,658 billion yen, the highest ever for eight consecutive years.

Among “expenditures”, social security expenditures such as medical care and pensions increased by 1,073.2 billion yen from the current fiscal year due to the increase in aging and the cost of free higher education for low-income households. This was the largest ever, at 3,860.8 billion yen.

Defense expenses also included the cost of setting up a "space squadron" and "cyber protection squad" to monitor outer space, and recorded a record high of 5,313.3 billion yen, as well as disaster prevention and mitigation and strengthening of the national land New economic measures, including infrastructure enhancements, amounted to ¥ 1,077.8 billion.

In “Revenues,” tax revenue is expected to reach a record high of 63,531 billion yen, reflecting the increase in sales due to the increase in the consumption tax rate.

The new issuance of government bonds, which are new debts of the government, is ¥ 32,556.2 billion, a decrease for the tenth consecutive year as an initial budget, but 31.7% of the revenue is still dependent on government bonds, The situation continues.

Finance Minister Aso "Efforts to establish as soon as possible"

At a press conference after the Extraordinary Cabinet Meeting, Deputy Prime Minister Aso explained the new budget proposal submitted to the Diet and the supplementary budget proposal for the current fiscal year as `` both are necessary to respond to the current important issues. I want to do my best to get it done as soon as possible. "

Minister Aso said, "I think there are various questions, but the opposition parties are increasingly preparing to pursue issues such as corruption incidents over the IR and issues related to the" cherry blossom party. " As a finance minister, we will strive to implement budget measures and related legislation as soon as possible in order to implement economic measures steadily and achieve sustainable economic growth. "

Source: nhk

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