Next year's budget plan for the largest general account of over 106 trillion yen to be decided by the Cabinet today

At a cabinet meeting on the 21st, the government will decide on a budget plan for the next fiscal year, when the total amount of the general account will reach a record high of 106,610 billion yen.

The initial budget for newly issued government bonds to cover financial resources will exceed the previous year for the first time in 11 years, and severe financial management will continue.

The national budget for the next fiscal year has a total of about 106,610 billion yen in the general account, which is about 3,950 billion yen higher than the initial budget for this year, the largest ever, and has exceeded 100 trillion yen for the third consecutive year.

Behind the significant increase in expenditures is the fact that "social security expenses" increased by about 150 billion yen from this year to about 35,840 billion yen, the largest ever, and "defense expenses". Also reached a record high of about 5.32 trillion yen, and as a response to the new coronavirus, 5 trillion yen was recorded as a "reserve fund" that can be used flexibly without the approval of the Diet. There are things that I did.

On the other hand, in terms of revenue, tax revenue is set at around 57,450 billion yen, which is about 6.7 trillion yen less than the initial budget for this fiscal year, in anticipation of deterioration in corporate performance due to the impact of the new corona.

In addition, the amount of new government bonds issued is about 37,260 billion yen for deficit-financing bonds to make up for the shortage of revenue, and about 6,340 billion yen for construction government bonds, totaling about 43.6 trillion yen. It has increased by about 11 trillion yen from the initial budget stage.

Comparing the initial budgets, the amount of new government bond issuance exceeded the previous year for the first time in 11 years, and the ratio of government bonds to the total revenue is about 40%, and severe financial management will continue.

The government will decide on a budget plan for the next fiscal year that includes these details at a cabinet meeting on the 21st.