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Japan Govt Plans to Secure Record 8.9 T. Yen for Funds

Japan Govt Plans to Secure Record 8.9 T. Yen for Funds

   Tokyo, Nov. 22 (Jiji Press)--The Japanese government plans to earmark a record 8,901.3 billion yen for state funds that can be used over multiple fiscal years under its fiscal 2022 second supplementary budget proposal, it was learned Tuesday.
   The amount is biggest in a single budget proposal, reflecting massive spending planned for economic measures, informed sources said.
   The record money is intended for funds covering 50 projects, including those managed under special accounts. The draft budget to finance the government's comprehensive economic package to tackle soaring prices was submitted to the Diet, the country's parliament, on Monday.
   The extra budget would boost the total amount of money set aside for such funds in fiscal 2022 to 10.6 trillion yen, just short of the 11.5 trillion yen marked in fiscal 2020, when many funds were created for novel coronavirus measures.
   Under the budget, the government plans to allocate 2,482.1 billion yen to new funds to be created for 16 projects.

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AFP-JIJI PRESS NEWS JOURNAL


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