Economic recovery from worsening due to the spread of new corona infection A challenge for the next government at 4:59 on August 29
While the Japanese economy is rapidly deteriorating due to the spread of the new coronavirus, the issue is that the next administration will be able to take effective measures to rebuild the economy following Prime Minister Abe's resignation.
From April to June, GDP (Gross Domestic Product) had a historic decline, with a real growth rate of minus 27.8% per year.
The government has already set up two supplementary budgets this year to provide "sustainable benefits" that provide up to 2 million yen to SMEs whose sales have declined, and companies that seek to maintain employee employment through temporary leave and other reasons. We are implementing measures such as expanding the “employment adjustment subsidy” that subsidizes part of the leave allowance.
However, personal consumption has stagnated due to the re-infection spread, and there is concern that employment will deteriorate in the future, and exports are still sluggish due to the rapid deterioration of the world economy such as the United States and Europe, In the next administration, the issue will be whether or not effective measures can be put in place to rebuild the economy.
Utilizing the 10 trillion yen contingency budget included in the second supplementary budget, we will respond promptly according to the infection situation and at the end of next month, the deadline for submission of rough estimate requests from each ministry and agency next year The focus will be on how to include measures that are unique to support companies and individuals in difficult situations with the budget for the third year.
However, as a source of financial resources for the two supplementary budgets, the government's financial situation has deteriorated further by issuing additional government bonds worth more than 57 trillion yen.In the next administration, how to balance economic recovery and fiscal soundness You will be asked if you want to continue.