The initial budget for the new fiscal year and 2021 of the Tokyo Metropolitan Government is that while corporate profits will deteriorate due to the spread of the new corona virus infection, the city tax revenue will decrease by about 400 billion yen, while additional expenses for the Tokyo Olympics and Paralympics will be added. Expenditures are expected to increase, and the total amount of the general account is expected to be the second largest in the past.
The initial budget for the new fiscal year in Tokyo began to be assessed by Governor Koike on the 8th.
According to the capital, the capital tax revenue for the new fiscal year is expected to decrease by about 400 billion yen from this fiscal year due to the deterioration of corporate profits due to the spread of the new coronavirus infection.
This is the first significant decrease since fiscal 2009 after the Lehman shock, which decreased by about 1 trillion yen.
On the other hand, the total amount of the general account is expected to be the second largest in the past, at more than 7.4 trillion yen, which is higher than this year.
Expenditures are expected to increase by recording 120 billion yen as additional expenses for the Tokyo Olympics and Paralympics and by including financial support for small and medium-sized enterprises affected by the spread of infection.
Furthermore, it is expected that the budget scale throughout the year will be even larger as a supplementary budget for measures against the new coronavirus will be prepared according to the infection situation.
Governor Koike said, "Although it is a difficult financial environment, we will give top priority to protecting the lives of the citizens of Tokyo and promote measures to support the economy and the future. Said.