Emergency economic measures GDP up to 4.4% expected to be revised Government's trial calculation review 12:49 April 24
Regarding the emergency economic measures that were affected by the spread of the new coronavirus, the government revised the estimate of the economic effect because it included a cash payment of 100,000 yen. GDP = Gross domestic product is estimated to be 0.6 points higher than originally expected, up to 4.4% in reality.
The government stated that the emergency economic measures of about 108 trillion yen, which was decided on 7th of this month, would increase the GDP substantially by about 3.8%.
However, in order to stop providing cash of 300,000 yen to households whose income has decreased and to implement a uniform payment of 100,000 yen, the revised budget for this year was reviewed and the total amount of measures expanded to 117 trillion yen, so the economy I calculated the effect.
As a result, of the economic measures decided in December last year, about 1.1% will be expected to be effective in the future, and 0.6% more than expected from the “emergency response measures” up to last month and this additional measure It will be about 3.3%, and the effect of actually boosting GDP will be about 4.4% at maximum.
The government wants to submit the supplementary budget for this year to implement the emergency economic measures to the Diet at the beginning of the week and establish it on the 30th of this month.