The government has decided to increase the total amount of the general account to about 106,610 billion yen in the work of formulating the budget for the next fiscal year and the third fiscal year of Reiwa in the country that is reaching the final stage.
In addition to the increase in social security costs due to the aging of the population, the expenses required to deal with the new coronavirus have been recorded, which has exceeded 100 trillion yen for the third consecutive year, the highest ever.
On the other hand, tax revenue is about 57,450 billion yen, a decrease of 6.7 trillion yen from the initial budget stage of this year due to the deterioration of corporate performance.
The amount of new government bonds issued will be approximately 43.6 trillion yen.
It is the first time in 11 years that the amount of new government bonds issued has exceeded the previous year at the initial budget stage.