The total scale of the project is 26 trillion yen.

The total scale of the project is 26 trillion yen New economic measures are decided Government Dec. 5 19:22

The government officially decided on a new economic measure with a total scale of around 26 trillion yen, including measures to prepare for recovery and recovery from a series of disasters and economic downside risks. GDP = GDP is expected to increase by about 1.4% in real terms.

The government held an extraordinary cabinet on the night of the 5th, focusing on three measures: recovery / reconstruction from a series of disasters, preparation for economic downside risks, and measures to revitalize the economy after the Tokyo Olympics and Paralympics. A new economic measure has been decided.

Recovering and recovering from a disaster has a business scale of around 7 trillion yen, and includes strengthening infrastructure such as river embankments and accelerating the creation of hazard maps.

The preparation for economic downside risk is around 7.30 trillion yen. Based on the Japan-US trade agreement, we will strengthen support for the export expansion of agriculture, forestry and fishery products, and support the so-called glacial generation for the next three years. It is said that it will focus on mid-career recruitment for national civil servants.

The economic revitalization plan for the next year and after is about ¥ 11.700 billion, and a system that gives points for shopping to those who have My Number Cards will be introduced from September next year, and traffic accidents caused by elderly drivers will be prevented. Therefore, it includes support for the purchase of cars equipped with automatic brakes.

In addition to aiming at the deployment of personal computers and tablets for elementary and junior high school students by the Ornamental Fiscal Year 1993, the Tokyo Olympic and Paralympic Games will create an environment that further accommodates foreign tourists.

The total scale of the business was around 26 trillion yen, and it was the second economic measure after the second Abe administration, following the 28 trillion yen measure that was three years ago.

Of this, the fiscal expenditure including FILP is about 13.20 trillion yen, and the government believes that this economic measure is expected to increase GDP = GDP by about 1.4%.

In the extraordinary cabinet meeting, the basic policy that the next year's budget plan will be organized based on the concept of “15-month budget” combined with this year's supplementary budget plan will be decided, and the government will accelerate the organization work toward the end of the year. To

The main measures are

This economic measure includes more than 200 measures, with three pillars: “Restoration / Reconstruction from Disaster”, “Risk of Economic Downside Risk”, and “Economic Revitalization after the Olympics and Paralympics” It is included.

Disaster recovery and reconstruction

Of these, “Restoration and Reconstruction from Disaster” includes support for dismantling damaged houses and disposing of disaster waste, restoration of railways, and operation of substitute buses in areas affected by a series of disasters such as Typhoon No. 19. Supporting people and helping them rebuild their lives.

In addition, we will support SMEs and agricultural / forestry fishermen who have been affected by the disaster to resume their work, and promote full-scale restoration of damaged rivers and roads.

In addition, we will focus on efforts to strengthen national land for future disaster prevention and mitigation. In addition to giving subsidies for construction to prevent the rise of the water level by strengthening the embankment in rivers where there is a risk of flooding or excavating the bottom of the river, in order to prevent inundation damage in urban areas, We maintain facility to save.

In addition to accelerating “no-electric poles” that bury electric cables underground in emergency transport roads in urban areas, we will promote the development of water supply facilities and private power generation equipment at hospitals and social welfare facilities that will be the base in the event of a disaster.

Responding to economic downside risks

Measures to maintain a virtuous economic cycle were included as a response to the “downside risks of the economy”.

Supporting SMEs to raise minimum wages, and supporting succession candidates and management reform to make it easier for SMEs to proceed with business succession.

In the agriculture field, we will implement measures to expand support for dairy farmers to increase the production of Japanese beef and strengthen the competitiveness of domestic cheese, in accordance with Japan-US trade agreements.

Furthermore, as a measure to support the so-called “working ice age,” a special window will be set up for Hello Work, and mid-career recruitment as a national civil servant will be conducted intensively over the next three years.

Activating the economy with a view to the end of the Olympics

As a measure to revitalize the economy after the Olympics and Paralympics, a new point will be given to those who have a My Number Card for shopping for 7 months from September next year to March next year to support consumption. The policy is to give 5,000 yen points for cashless payments and deposits up to 20,000 yen per person.

In order to nurture human resources corresponding to the age of digitalization, a subsidy system for local governments that conduct business with the aim of deploying one personal computer and tablet to elementary and junior high school children and students by the end of the 5th year make.

People over the age of 65 will use automatic braking to support the development of technology for “post 5G”, the next generation of high-speed, large-capacity communication standards and 5G, and to prevent traffic accidents by older drivers. It also included the creation of a subsidy system for purchasing onboard vehicles.

The future focus is

The new economic measures have a scale of 26 trillion yen, which is comparable to the 28,100 billion yen measure that was formulated in August 2016 three years ago.

National and local expenditures are 9.40 trillion yen. In addition to this, 3 trillion "fiscal investment loans", in which the government issues bonds called "FILP bonds" to fund private businesses at low interest rates. Going to 800 billion yen, we will proceed with infrastructure development.

By utilizing a huge amount of FILP, the “fiscal expenditure” was set at 13.20 trillion yen and the scale of the business was secured.

The government wants to emphasize that by making the scale of measures as large as possible, it has taken the first steps to deal with concerns that the slowdown in overseas economies will adversely affect the domestic economy. .

However, even if a large scale is secured, there are challenges in implementing measures. Of the measures, “public investment” to be used to strengthen the national land is expected to be around 6 trillion yen, but there is a risk that it will not be able to be fully executed even if a large amount of budget is recorded while labor shortages continue at construction sites .

In addition, the remaining 13 trillion yen, excluding fiscal spending, is private spending and loans to companies by government financial institutions, but it is unclear at present whether it will be used as expected.

On the other hand, how to secure financial resources to cover expenditures is also an issue. The government is planning to add 4.3 trillion yen as expenses necessary for measures in the supplementary budget plan for this fiscal year, which is being organized.

On the other hand, in addition to issuing construction government bonds that are limited in use for public works, the financial resources are considering reducing expenses and utilizing unused funds.

In the difficult financial situation that covers about 30% of revenues by issuance of government bonds as debt, part of the expenditure required for measures must be relied on further debt, and the achievement of the goal for fiscal consolidation is further enhanced It will be strict.

Prime Minister Abe “Now is Abenomics Acceleration”

Prime Minister Abe said at the Economic and Fiscal Advisory Council held prior to the extraordinary cabinet meeting, “With the prospects of economic prospects caused by overseas economies entering the horizon, it is time to accelerate Abenomics and overcome challenges. It ’s time to work on. ”

On that basis, “We will implement a solid, unbroken budgetary measure by combining temporary and special measures for the current year's supplementary budget and next year's budget. And instructed the relevant ministers to rush the organization.

Aso Deputy Prime Minister and Finance Minister "For the security of the future"

At the press conference after the extraordinary cabinet meeting, Vice Prime Minister Aso and the Minister of Finance said, “The Japanese economy has been on a moderate recovery trend mainly due to domestic demand, but natural disasters such as Typhoon No. 19 have occurred in a wide range. There is an urgent need to eliminate the impact on the economy, and there is an undeniable possibility that overseas investment will come out of tensions over trade issues such as friction between the United States and China, and that capital investment and personal consumption will be pushed down. Later, it will be necessary to achieve autonomous growth centered on private demand, and new economic measures will be implemented for future security. "

Regarding the financial resources necessary for the measures, Minister Aso stated that “the supplementary budget will be organized in the future, but we will not be able to answer at this stage because the financial resources will be considered during the organization process”.

Liberal Secretary-General, Second Floor “In the direction we think”

Liberal Democratic Party second floor secretary told reporters, `` When I told you that I should make a revised budget of 10 trillion yen, I was quite surprised, but urged the government to decide As a result, the government may be working in the direction we think. "

Mr. Komei Yamaguchi, “To be united by the government ruling party”

Komeito ’s representative, Yamaguchi, told reporters: “I think that the ruling party ’s recommendations have been fully reflected in the economy, and we have tried to recover and recover from a series of disasters. The three pillars of taking measures to maintain the momentum of the Tokyo Olympics and Paralympics in the future are the main pillars, and it is important to put them into practice. It was.

Kunihara Haraguchi vs. Chairman “It ’s better to stop spreading fires”

The National Democratic Party's Chairman of the National Assembly, Haraguchi, said at a press conference, “Even though economic measures have not been taken every time, the Bank of Japan's President Kuroda has been doing away from deflation for seven years. “It ’s better not to disperse taxes indefinitely without any results.”

Abe Administration Past economic measures

This is the fifth time economic measures have been implemented since the start of the second Abe administration in 2012.

The first measure is "Emergency Economic Measures for the Revitalization of the Japanese Economy" decided in January 2013. Measures to accelerate recovery from the Great East Japan Earthquake and to supply funds to support venture companies were implemented. The government's fiscal expenditure was about 10.30 trillion yen, and the scale of the business, including the private sector, was around 20.200 trillion yen.

The second measure was decided as early as December 2013, the same year as the first measure. The aim was to respond to the downside risk of the economy before raising the consumption tax rate to 8% in April of the following year. Infrastructure development for the Tokyo Olympics and Paralympics and support measures for low-income people and child-rearing households were included. The scale of economic measures was about 5.5 trillion yen in total, and the scale of business was about 18.60 trillion yen.

The third economic measure was approved by the Cabinet in December 2014. Aiming to stimulate consumption and revitalize the region, the fiscal expenditure of the country was about 3.5 trillion yen.

The fourth economic measure was decided in August 2016, three years ago, and included the advance of the opening of the entire Linear Chuo Shinkansen. “Fiscal measures,” which include national and local government spending, and FILP that provides funds at low interest rates, is about ¥ 13.500 billion, and the business scale is about ¥ 28.01 trillion. This new economic measure is the second largest after the fourth measure when the business scale is simply arranged.