Japan FY 2027 Budget Requests Hit Record 143 T. Yen
Tokyo, Sept. 4 (Jiji Press)--General-account budget requests from Japanese government ministries and agencies for fiscal 2027 totaled a record 143,065.6 billion yen, the Finance Ministry said Friday. The total requested amount for the year starting next April rose by 16.8 pct from 122,445.4 billion yen sought for the fiscal 2026 budget, reaching a record high for the fourth consecutive year....
Tokyo, September 4 (Jiji Press)--The Japanese government's ministries and agencies have requested a record 143,065.6 billion yen for general-account budgeting in fiscal 2027, the Finance Ministry announced on Friday. This figure represents a 16.8% increase from the 122,445.4 billion yen sought for the fiscal 2026 budget, marking the fourth consecutive year of record-high requests.
The surge in budget requests is attributed to the government's decision to allocate funds for recurring measures previously covered by supplementary budgets, as well as the establishment of a new investment quota with no ceiling on funding. The fiscal 2027 budget requests are approximately 2.5 trillion yen higher than the combined initial budget for fiscal 2026 and supplementary budget for fiscal 2025.
The funding for the new investment quota, intended for crisis management and growth investments, amounts to 12,173 billion yen.
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