New economic measures with a business scale of 26 trillion yen
The government decided on a new economic measure with a business scale of 26 trillion yen, and rushed to formulate a supplementary budget plan for this year. In order to secure financial resources, it may be necessary to rely on additional issuance of deficit-state government bonds for the first time in three years.
On the 5th, the government decided on new economic measures based on the three pillars of recovery / reconstruction from a series of disasters, preparation for economic downside risks, and economic revitalization measures with a view to the post-Tokyo Olympics and Paralympics. Did. The scale of the project is about 26 trillion yen, of which fiscal expenditure is about 13 trillion 200 billion yen, and the government intends to add 4.3 trillion yen to the supplementary budget plan for this year, which is being organized.
However, due to trade friction between the US and China, tax revenues for this fiscal year are expected to be lower than initially expected.
For this reason, it may be necessary to rely on the additional issuance of deficit-state government bonds for the first time in three years in order to secure financial resources, in which case the financial situation will become more severe.
On the other hand, it has been pointed out that there is a possibility that even if a huge amount of budget is allocated to public works, there is a risk that it will not be able to be fully implemented as the economic measures continue to run short on the construction site.
Furthermore, some experts place importance on the scale of countermeasures, and there is an opinion that the contents have not been thoroughly examined, so the issue is whether countermeasures can be made highly effective.