The government will hold an extraordinary cabinet meeting on the 28th and decide on new comprehensive economic measures to deal with high prices and the weak yen.
The total fiscal expenditure, including FILP, will be around 39 trillion yen, including measures to ease the burden of electricity bills on households and companies.
Under the new economic measures, in order to ease the burden of electricity bills, from January next year, the government plans to subsidize the electricity charges charged to each household by 7 yen per kilowatt hour, which will reduce the cost by about 20%.
In addition, it will reduce the burden of city gas charges and support 30 yen per 1 cubic meter for households and companies.
Furthermore, in order to curb rising fuel prices such as gasoline, we will extend the end-of-year deadline for subsidies provided to oil wholesalers, and will continue to adjust the subsidies until the first half of next fiscal year.
In addition, in the field related to children, in order to reduce the burden of purchasing childcare products, we will provide economic support equivalent to 100,000 yen in total for pregnancy and childbirth.
On the other hand, in addition to the reserve funds currently being used to respond to the novel coronavirus and high prices, we plan to set up a new reserve fund to prepare for cases where economic responses are necessary due to changes in the international situation or the occurrence of disasters. .
The scale of fiscal expenditure is expected to be around 39 trillion yen, including national and local government expenditures and FILP.
The government plans to formulate a supplementary budget bill for this fiscal year, which will support the economic measures, with a total of about 29.1 trillion yen in the general account, as early as next month, and plans to enact it in the current extraordinary Diet session.