Japan to Submit Provisional Budget for March 3rd, Citing Fiscal Year Failure Risks
The Japanese government is set on the morning of Wednesday's cabinet meeting in Tokyo to approve a provisional budget totaling approximately ¥860 billion (about $572 million). This move follows repeated warnings from Prime Minister Fumio Kishida that securing an annual fiscal year within this month has become increasingly difficult due to economic pressures.
Key Points
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1The Japanese government plans to submit a provisional budget proposal for the fiscal year ending March, with Cabinet approval scheduled on April 27.
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2This temporary measure is being adopted because achieving full establishment of this month's original annual budget within its current timeframe has become difficult due to ongoing circumstances.
Developments
Perspectives
The government plans to decide on the provisional budget proposal at cabinet meeting and submit it to parliament by March 27, with a total expenditure of approximately ¥8.6 trillion for general accounts.
— [Mar 26, 03:20] Government will propose temporary budget plan tomorrow; General account about yen eight thousand six hundred billion Self-government audit council approved (Assets.wor.jp)The provisional budget proposal is scheduled to be decided at the cabinet meeting and submitted to parliament by March 27. The situation within this fiscal year for establishing a regular annual budget has become difficult, making it hard.
— [Mar 25, 13:00] Provisional Budget Plan will also decide Cabinet Meeting on Mar-26th; Total amount of expenditure about yen eight trillion adjustment (Assets.wor.jp)The provisional budget proposal is scheduled to be decided at the cabinet meeting and submitted for consideration in parliament by March 27. The situation within this fiscal year regarding establishment has become difficult, making it hard.
— [Mar 25, 13:00] Provisional Budget Plan will also decide Cabinet Meeting on Mar-26th; Total amount of expenditure about yen eight trillion adjustment (Assets.wor.jp)The provisional budget proposal is scheduled to be decided at the cabinet meeting and submitted for consideration in parliament by March 27. The situation within this fiscal year regarding establishment has become difficult, making it hard.
— [Mar 25, 13:00] Provisional Budget Plan will also decide Cabinet Meeting on Mar-26th; Total amount of expenditure about yen eight trillion adjustment (Assets.wor.jp)The provisional budget proposal is scheduled to be decided at the cabinet meeting and submitted for consideration in parliament by March 27. The situation within this fiscal year regarding establishment has become difficult, making it hard.
— [Mar 25, 13:00] Provisional Budget Plan will also decide Cabinet Meeting on Mar-26th; Total amount of expenditure about yen eight trillion adjustment (Assets.wor.jp)