Japanese parliament approves largest post-Kovid stimulus package
TOKYO: Japan's parliament on Monday approved the first-ever budget increase for fiscal year 2021, the largest ever at $ 317 billion to help the national economy cope with the aftermath of an epidemic crisis. Universal COVID-19. This was released by Reuters on Monday, December 20, 2021.
The 36 trillion yen ($ 317 billion) package allocates funds to address the COVID-19 epidemic, such as the purchase of vaccines and medicines, as well as to provide subsidies to needy families and budgets. Promote tourism as well.
This is the largest additional budget package approved by the government as well as the Japanese parliament. Last fiscal year, the Japanese government issued three additional budgets. The Japanese government will issue about 22 trillion yen in bonds in the current fiscal year to fund the new package.
This week, Japan will also prepare an annual budget proposal for the next fiscal year, which will cover government spending for a total of 16 months.
Credit: Happy Day
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