Arab Today, arab today japan expected to pass 11 trln budget
Last Updated : GMT 21:47:11
Arab Today, arab today
Arab Today, arab today

Japan expected to pass $1.1 trln budget

Arab Today, arab today

Arab Today, arab today Japan expected to pass $1.1 trln budget

Tokyo - AFP

Japan was expected to pass a 90.3 trillion yen ($1.1 trillion) budget on Thursday, with about half the spending financed by new bonds that will add to Japan\'s massive debt mountain. The country\'s ruling centre-left Democratic Party rammed the draft budget for the next fiscal year through the lower house of parliament earlier this month, over objections from opposition parties. The move means the huge spending plan would be approved even if the opposition-controlled upper house of parliament votes it down as expected. Decisions by the lower house have priority in case of conflict with the upper house and automatically become law 30 days after being sent to the upper chamber. Local media have reported that spending for the 2012-2013 fiscal year may be Japan\'s highest ever, reaching more than 96 trillion yen when including extra public spending such as funds for rebuilding the nation\'s northeast after last year\'s earthquake and tsunami disaster. About 49.0 percent of the budget would be financed by issuing new bonds, a plan fiercely contested by opposition lawmakers who are aiming to push Prime Minister Yoshihiko Noda to call snap elections, reports have said. The fresh bonds will aggravate Japan\'s massive public debt, which at about double its gross domestic product is the worst among industrialised nations. Last week, Japan\'s cabinet approved a bill to double the nation\'s sales tax to 10.0 percent amid efforts to rein in the country\'s debt. Noda, Japan\'s sixth premier in as many years, has warned that the future of the world\'s third-largest economy rests on tackling its public debt while financing an increasingly expensive social welfare system.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan expected to pass 11 trln budget Arab Today, arab today japan expected to pass 11 trln budget

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday