Japan to greenlight record $730bn budget with reduced bond issuance

Post author:xyzshope.com
Post published:26 December 2024
Post category:Politics
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Japan to greenlight record 0bn budget with reduced bond issuance

TOKYO — Japan’s cabinet is set to approve a record 115.54 trillion yen ($731.28 billion) general-account budget for fiscal 2025 on Friday, with about a quarter of the total covered by debt.

But with record-high tax revenues expected, bond issuances will decline by 6.8 trillion yen from the initial fiscal 2024 budget to about 28.65 trillion yen.