Regarding the increase in defense spending, the government estimates that even with expenditure cuts, there will be a shortage of financial resources of about 1 trillion yen in order to implement a budget that will reach 2% of GDP in fiscal 2027, five years from now. I understand.
Prime Minister Kishida will request the ruling party to consider tax measures on the 8th.
Regarding the increase in defense spending, Prime Minister Kishida has instructed the government to implement budgetary measures to reach 2% of GDP (gross domestic product) in 2027, five years from now. Based on the GDP forecast, it is expected to reach 11 trillion yen.
As a result of the government's consideration of the financial resources to increase the defense budget, it was found that about 4 trillion yen would be required as additional financial resources in five years. It turns out that it is estimated that there will be a shortage of about 1 trillion yen.
In addition, in order to secure financial resources, we are also considering creating a new framework called "Funds for Strengthening Defense Capability," which utilizes non-tax income from the sale of national assets.
On the 7th, the Liberal Democratic Party and Komei Party Council confirmed their policy to respond to the shortfall, including tax measures, even after reducing expenditures, etc., and Prime Minister Kishida announced on the 8th that the ruling party will take tax measures. I am requesting that it be considered.