Japan FY 2027 Budget Requests Likely to Top 143 T. Yen
Tokyo, Aug. 31 (Jiji Press)--General-account budget requests from Japanese government agencies and ministries for fiscal 2027 are expected to exceed 143 trillion yen, hitting a record high for the fourth consecutive year. The figure will be much higher than the 122,445.4 billion yen sought under the government's fiscal 2026 general-account budget. On Monday, the Finance Ministry finished...
Tokyo, August 31 (Jiji Press) - Budget requests from Japanese government agencies and ministries for fiscal 2027 are projected to surpass 143 trillion yen, marking a record high for the fourth consecutive year. This figure significantly outpaces the 122,445.4 billion yen requested for the fiscal year 2026.
The Finance Ministry concluded the acceptance of budget requests on Monday for the fiscal year commencing in April 2027. The projected increase in the total amount requested can be attributed to the government's decision to incorporate funds from supplementary budgets into the initial budget, as well as the introduction of a new investment quota with no predefined limits on the requested amounts.
This new quota is specifically designated for investments in the fields of crisis management and growth, aimed at fostering a strong and prosperous Japan. Furthermore, ministries and agencies were granted the flexibility to submit fund requests without stipulating specific amounts for certain measures.
Written by urgent.news from Nippon.com News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
