The budget bill for the new fiscal year (Reiwa 6) was voted on by the House of Councilors Budget Committee and passed with a majority vote from both the Liberal Democratic Party and Komeito Party. After this, the bill will be passed at the plenary session of the House and become law.
New fiscal year budget proposal has a total general account budget of 112,571.7 billion yen, exceeding 110 trillion yen for the second year in a row and making it the second largest in history. The opening of the meeting was delayed by two hours due to objections that the explanation regarding the hearing was insufficient.