The 31st is the deadline for submission of budget requests for the national budget for the next fiscal year (FY2023) from each ministry to the Ministry of Finance.
The total amount requested by each ministry and agency is expected to reach 110 trillion yen in the general account, including the largest amount requested by the Ministry of Defense, which aims to strengthen defense capabilities.
The budget request submitted by each ministry to the Ministry of Finance for the formulation of the national budget for next fiscal year will be closed on the 31st.
Of these, the Ministry of Defense is requesting the largest amount of 5,594.7 billion yen, based on this year's "Basic Policy" to drastically strengthen defense capabilities within five years.
In the fields of measures to counter the declining birthrate and child-rearing support, we are requesting 1,496.1 billion yen as a budget related to the Children's and Family Affairs Agency, which will be established in April next year as the "control tower for child policy."
Every year, the Ministry of Health, Labor and Welfare, which requests the most amount, requests 33,264.4 billion yen, which exceeds the initial budget for this fiscal year by more than 600 billion yen, based on the increase in social security costs accompanying the aging population.
On the other hand, the requested amount of "national debt service" to be allocated for the redemption and interest payment of national bonds will be 26.9886 trillion yen, more than 2.6493 trillion yen more than the initial budget for this fiscal year, reflecting the increase in national debt.
The total amount of requests from ministries and agencies is expected to reach 110 trillion yen for the second consecutive year, following last year's 111 trillion yen.
In this budget request, in addition to defense, in areas considered to be important policies such as GX = Green Transformation, which leads to decarbonization, "item requests" that do not indicate the amount at the request stage are allowed. is expected to increase further.
On the other hand, the "tax reform request" for tax reform in the next fiscal year has also been closed today, and the Financial Services Agency plans to request the permanentization of the preferential tax system "NISA" for individual investors.