Japan Budget Requests Swell to Pandemic-Era Scale Under Takaichi Agenda
The requests include 12 trillion yen in a new investment category as Japan faces higher pension, health and defense costs.
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8 Articles
The initial budget for fiscal year 2027, compiled from scratch for the first time under the Sanae Takaichi administration, has seen a record-high total of 143 trillion yen requested by each ministry and agency. This is due to the Prime Minister's designation of the new fiscal year as the "first year of responsible, proactive fiscal policy," and the removal of the upper limit on budget requests through a new investment framework…
Japan FY 2027 budget requests hit record 143 tril. yen amid fiscal concerns
Budget requests by Japanese ministries for fiscal 2027 totaled 143 trillion yen ($918 billion), marking a record high for the fourth consecutive year, partly due to 12 trillion yen in requests under a new uncapped special investment category, the Finance Ministry said Friday.
The total budget requests from various ministries and agencies for the next fiscal year amounted to over 143 trillion yen, the highest ever. Finance Minister Katayama stated: "Under responsible and proactive fiscal policy, we want to create a budget that integrates the construction of a strong economy with fiscal sustainability." The total general account request for the next fiscal year reached 143.0656 trillion yen. This record high was achiev…
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