Japan Lower House Passes Modified FY 2025 Budget Bill
Tokyo, March 4 (Jiji Press)--Japan's House of Representatives passed a modified fiscal 2025 budget bill at a plenary meeting on Tuesday, with support from the ruling Liberal Democratic Party-Komeito coalition, which submitted the modified bill, and Nippon Ishin no Kai (Japan Innovation Party).
It is the first time in 29 years that an initial budget bill submitted by the government has been modified in the Diet.
The budget bill was immediately sent to the House of Councillors and is expected to be enacted during the current ordinary Diet session.
The Upper House Budget Committee will begin deliberations on the bill on Wednesday, with Prime Minister Shigeru Ishiba's minority government aiming to enact it by the end of this month, or fiscal 2024.
The modified budget bill calls for general-account spending of 115,197.8 billion yen, down 343.7 billion yen from the original bill, the first such reduction in 70 years.
(2025/03/04-16:53)
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