Next year's budget plan estimate request General account total amount 104.9 trillion yen record high September 5 18:24
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The Ministry of Finance aggregated the approximate requests submitted by each ministry in the formulation of the national budget plan for the next fiscal year, and the total amount of the general account was a record high of 104,999.8 billion yen. The challenge is how to control spending in future budgeting.
According to the Ministry of Finance, the total amount requested by each ministry is 104,999.8 billion yen in the general account, exceeding 100 trillion yen for the sixth consecutive year. It was the largest ever at ¥ 2,052.5 billion.
This is due to the fact that social security costs such as medical care, nursing care and pensions have increased due to the aging of society, and the amount of demand from the Ministry of Health, Labor and Welfare has reached a record high of 32 trillion yen, and special frameworks that accept priority policies such as growth strategies. This is due to the fact that the ministries and agencies requested more than ¥ 4.3 trillion.
In addition, “JGB costs” for redemption and interest payments of JGBs increased by ¥ 1.4 trillion from the current fiscal year to ¥ 24,094.6 billion.
In addition, economic measures accompanying the increase in the consumption tax rate will be decided separately by the end of the year, so the possibility that the budget for the next fiscal year will exceed the current fiscal year's budget, which is the highest ever.
While the future of the global economy remains uncertain due to factors such as trade friction between the United States and China, the formulation of a budget plan by the end of the year is how to balance economic measures with fiscal consolidation.
Deputy Minister of Finance “Towards a high-quality budget suitable for the Age of War”
At the press conference on the 5th, Vice Minister of Finance Ueno said that the total amount of the general account for requesting a rough estimate was the largest ever, “To maintain fiscal sustainability, both economic revitalization and fiscal consolidation are necessary. I want to make full-fledged spending reforms in the budget for the next fiscal year as well, so that it will not be pointed out that the fiscal discipline has been loosened. I want to make an effort to get into the budget. "