Tokyo, Dec. 16 (Jiji Press)–The Diet, Japan’s parliament, on Tuesday enacted the government’s 18.3-trillion-yen supplementary budget for fiscal 2025, which will finance the first comprehensive economic package under the leadership of Prime Minister Sanae Takaichi. General-account spending under the extra budget totals 18,303.4 billion yen, a record high excluding the COVID-19 pandemic years. Over 60 pct of the budget will be funded by selling government bonds. The budget features a 2-trillion-yen increase in regional subsidies for local governments to use at their discretion, and allocates 367.7 billion yen to provide an additional child allowance of 20,000 yen per child. END [Copyright The Jiji Press, Ltd.]
Diet Enacts 18.3-T.-Yen Extra Budget for Stimulus Package
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