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Japan Eyes Small Extra Budget for Disaster Relief
7 Oct
Summary
- Japan considers a small extra budget for disaster reconstruction.
- The budget aims to fund relief efforts after events like earthquakes.
- The government plans to compile the budget in November.
Japan is contemplating the compilation of a modest extra budget primarily designated for disaster relief and reconstruction. This initiative follows recent natural disasters, including earthquakes and heavy rainfall.
The government intends to commence work on this supplementary budget in November. The aim is to secure parliamentary approval during the ordinary session scheduled to begin in early next year.
This planned budget differs from previous practices, as it is not intended to stimulate the economy. Instead, its focus is on providing necessary funds for rebuilding areas affected by natural calamities.
This move comes after an earlier supplementary budget of approximately 3 trillion yen was passed in June. That budget primarily addressed rising living costs by funding gasoline subsidies.
