At the Council on Economic and Fiscal Policy of the government, a draft basic policy was presented to prevent the spread of infection and balance socio-economic activities in the budget formulation for the next fiscal year and the third fiscal year of Reiwa.
In addition, Prime Minister Suga urged the flow of wage increases to continue in order to avoid a reversion to deflation.
At the Council on Economic and Fiscal Policy held at the Prime Minister's Office on the night of the 4th, a draft basic policy for budgeting for the next fiscal year and the third fiscal year of Reiwa was presented.
He pointed out that it is necessary to pay close attention to the risk that the new coronavirus infection will cause the domestic and overseas economies to fall, and said, "While ensuring the path to deflation and economic revitalization, both expenditures and revenues We will promote reforms from. "
On top of that, in order to protect the lives and livelihoods of the people, in order to balance infection spread prevention and socio-economic activities, in addition to infection spread prevention measures, digital reform, realization of a green society, productivity improvement and continuous wage increase The company aims to create a well-balanced budget by taking necessary budgetary measures to respond to important policy issues such as the realization of a virtuous cycle.
On the other hand, the specific fiscal consolidation goals set out each year were not included.
At the meeting, Prime Minister Suga said, "We will carry out seamless economic and financial management by deciding economic measures early next week and formulating a third supplementary budget based on it together with the initial budget for next year. I would like you to continue the flow of wage increases in order to avoid going back to deflation. "