The Ministry of Finance's council, which proposes the state's budget, is planning to put together a supplementary budget of over 70 trillion yen as a measure against the new corona, with a proposal to be put together soon for the formulation of the initial budget for the next fiscal year and the 4th year of Reiwa. However, it was found that the situation last year was regarded as the "largest exception after the war" and that the government should steadily promote fiscal consolidation.

In order to support the economy that was hit hard by the impact of the new coronavirus, the government prepared a supplementary budget totaling 73 trillion yen three times in the general account last year.



The contents of the proposal that the Ministry of Finance's Financial System Council will soon put together for the formulation of the initial budget for next year have been clarified, and last year's response "played a major role in protecting the lives and businesses of the people." On the other hand, I found that it is positioned as "the biggest exception after the war" in terms of economic and financial conditions.



On that basis, instead of setting such a response as a precedent, he states, "We must work on the" normalization "of the economy and finances."



Furthermore, regarding the government's goal of turning the primary balance of the national and local governments into the black in 2025, he said, "We should proceed with reforms without changing the policy of freezing." We are calling for reforms in Japan to steadily promote fiscal consolidation.



The government will begin full-scale preparation of the initial budget for the next fiscal year, but the challenge is to improve the budget and show the path to fiscal consolidation while assessing the degree of economic and employment recovery.