Next year's budget to submit request for rough estimate August 30th at 5:27 to about 105 trillion yen
Each ministry submits an approximate request to the Ministry of Finance for the preparation of the national budget plan for the next year. The total amount of the general account is expected to exceed 100 trillion yen for the sixth consecutive year, reaching a record high of 105 trillion yen, due to social security costs rising due to aging.
The Ministry of Health, Labor and Welfare, which has the highest amount of demand, demands a new record of 32,623.4 billion yen, as social security expenses such as medical care and nursing care are further expanding.
The Ministry of Defense demands a record ¥ 5.3 trillion in order to strengthen defense capabilities in areas such as space and cyber.
The Ministry of Land, Infrastructure, Transport and Tourism will ask for 7,010.1 billion yen, including the cost of developing a tsunami levee and facilities for accepting those who have difficulty returning home, as a countermeasure for the Nankai Trough earthquake and the earthquake directly below the capital.
In addition, “Government bond expenses” for redemption and interest payments of government bonds will be 24,094.6 billion yen, which is 1.4 trillion yen more than the current fiscal year's budget.
As a result, the budget request for the next fiscal year is expected to exceed the total of 100 trillion yen for the sixth consecutive year, reaching a record high of 105 trillion yen.
This is expected to surpass the 100 trillion yen mark for the first time, surpassing the largest ever budget request for the current fiscal year by approximately 2 trillion yen.
The amount of demand will increase further next year, and measures to be taken to raise the consumption tax rate will be decided separately by the end of the year, and how will spending be suppressed in future budgeting as pressure on expenditures increases? It will be a challenge.