Consumption tax is not discussed at the all-generation social security review meeting.
Regarding the realization of the all-generation social security system, the minister in charge of economic revitalization Nishimura stressed that there was no intention to give priority to reducing benefits for fiscal consolidation at the government-sponsored review meeting. . Also, next month, he indicated that he would not discuss further raising the consumption tax rate, which would be raised to 10%.
To realize the all-generation social security system, the government plans to hold the first meeting of the review meeting chaired by Prime Minister Abe on the 20th. As social security costs continue to increase due to rapid declining birthrate and aging society, Discussions are also underway on the benefits and burden of security.
In this connection, the minister in charge of economic revitalization Nishimura stated in an interview with the media that they said, “We are not thinking of completely cutting out the necessary social security from a financial perspective alone”. He stressed that there is no idea of discussing only the reduction.
In addition, Minister Nishimura said next month that the consumption tax rate will be raised to 10%, saying, “I am not in the scope of discussion at this meeting.”