Japan PM Ishiba’s government cuts FY25/26 Budget plan to JPY 115.2tln

February 28, 2025
-FCHFX

February 28, 2025 at 04:53AM
Japan PM Ishiba’s government cuts FY25/26 Budget plan to JPY 115.2tln, cut by by 343.7bn yen

also will reduce new government bond issuance to 28.6tln yen

revised budget will include higher household subsidies
to ensure free school education

will include a higher threshold
for tax-free income (will in a drop in tax revenue
worth 621 billion yen)

higher spending and reduced tax revenue will be filled
by a reserve fund and other funds that have not been utilized

This article was written by Eamonn Sheridan at www.forexlive.com.

Japan PM Ishiba’s government cuts FY25/26 Budget plan to JPY 115.2tln

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