Japan’s Budget Requests for FY27 Expected to Total ¥140 Trillion
Budget requests to be submitted by various government ministries and agencies for the fiscal year 2027 general account are expected to total about ¥140 trillion, it has been learned. The figure significantly exceeds the ¥122.45 trillion total for budget requests in fiscal 2026 and would mark a record high for the fourth consecutive fiscal year.
Japan's budget requests for the fiscal year 2027 are expected to total approximately ¥140 trillion, marking a record high for the fourth consecutive fiscal year. This significant increase is attributed to factors such as the creation of a new investment framework without caps and an increase in interest payments on government bonds.
The Health, Labor and Welfare Ministry and the Education, Culture, Sports, Science and Technology Ministry have requested substantial amounts, including ¥1.03 trillion and ¥2.18 trillion respectively. Additionally, debt service expenses are projected to reach a record high of ¥36.64 trillion due to rising interest rates. The Finance Ministry will announce the combined budget amount in early September, with key challenges including identifying investments that promote economic growth and maintaining fiscal discipline.
Brief written by urgent.news from The Japan News by The Yomiuri Shimbun's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
