Japan's 2022 budget establishment defense spending exceeds 5 trillion yen, a record

　　China News Service, March 22. According to Kyodo News, on the 22nd local time, Japan's 2022 budget was approved by the majority of the ruling party and the National Democratic Party at the plenary meeting of the Senate, and it was officially established.

The total amount of general accounting reached 107.5964 trillion yen (about 5.7 trillion yuan), breaking the record for ten consecutive years.

In addition, Japan's defense spending in 2022 also reached a record 5.4005 trillion yen.

　　According to the report, the official establishment date of Japan's 2022 budget is also the third earliest in history under the current Japanese constitution, after March 17 of the 1999 and 2000 budgets, and March 20 of the 2014 budget.

　　According to reports, Japan's 2022 budget has been integrated with the 2021 supplementary budget established in December last year.

The budget for social security contributions such as pensions and medical care is as high as 36.2735 trillion yen, and the budget for government bond fees used to pay the principal and interest of previously issued government bonds is 24.3393 trillion yen.

In addition, defense spending also reached a record 5.4005 trillion yen.

　　In terms of countermeasures against the new crown, the annual budget includes the research and development expenses of domestic vaccines and therapeutic drugs, etc., and has secured the same 5 trillion yen reserve as the 2021 budget.

　　Among fiscal revenue, it is estimated that tax revenue will reach a record high of 65.235 trillion yen due to the economic recovery from the epidemic.

Most of the fiscal spending gap will be financed by the new issuance of 36.926 trillion yen of government bonds, so the fiscal will further deteriorate.

　　The National Democratic Party of Japan once again expressed its approval after the plenary session of the House of Representatives, which is a very rare practice as an opposition party.

The majority of opposition parties in the Senate plenary voted in favour of the original budget for the first time since the Socialists, which voted in favour of the 1994 budget.