At a cabinet meeting on the 24th, the government will decide on a budget plan for the next fiscal year and the 4th fiscal year of Reiwa, where the total amount of the general account will be about 107.6 trillion yen, which is the largest ever.
Although tax revenues are expected to exceed this year, strict financial management that relies on government bonds for more than 30% of total revenue continues.
The total amount of the general account for the next fiscal year's budget will be about 107.6 trillion yen, exceeding 100 trillion yen for the fourth consecutive year.
It is the largest ever, exceeding the initial budget of this year by about 990 billion yen.
The main expenditures,
▽ "social security costs" is that the generation of the so-called baby boom increases medical and nursing care to enter the more than 75 years, 36 trillion 270 billion yen of about 440 billion yen more than the current fiscal year,
▽ "defense spending Is about 5,370 billion yen, which is about 50 billion yen more than this year.
In addition,
▽ "Government bond costs" for redemption and interest payments of government bonds will be about 24,340 billion yen, which is about 580 billion yen more than this year.
On the other hand, revenue is set at around 65,240 billion yen, which is higher than this year, due to the fact that the business performance of companies whose tax revenue has fallen due to the new corona is on a recovery trend.
Along with this, the amount of new government bonds issued to fill the shortfall such as tax revenue is expected to be about 36,930 billion yen, which is lower than the initial budget of the previous year for the first time in two years.
However, the ratio of total revenue covered by government bonds, the so-called “dependency on public bonds,” is about 34%, and the strict fiscal management that relies on the issuance of government bonds continues.
The government will decide the budget for next year at a cabinet meeting on the 24th.