The government will convene the ordinary Diet session on the 18th, and the total amount of the general account including measures against the new coronavirus will be 106,609.7 billion yen, which is the largest ever, and the budget plan for the third fiscal year of Reiwa and the third of this year. The policy is to submit the next supplementary budget and to establish it as soon as possible.
The national budget for the new fiscal year is the largest ever, with the total amount of the general account reaching 106,609.7 billion yen, nearly 4 trillion yen higher than the initial budget for this year, due to the increase in social security costs and countermeasures for the new coronavirus. I did.
On the other hand, looking at revenues, tax revenues are 57,448 billion yen, which is more than 6 trillion yen less than the initial budget for this fiscal year, and new government bond issuance amounts are 43,579 billion yen, which is more than 11 trillion yen.
Comparing the initial budgets, the amount of new government bond issuance exceeded the previous year for the first time in 11 years, and the ratio of government bonds to the total revenue reached 40.9%, further deteriorating the financial situation.
In addition, the third supplementary budget for this year, which will be submitted together, includes the cost of implementing infection prevention measures and economic measures, and the additional expenditure is 19,176.1 billion yen in the general account.
While a state of emergency has been declared for 11 prefectures, the policy is to first pass the third supplementary budget within the month in order to promptly implement measures to prevent the spread of infection and support the economy.