Japan FY 2027 budget requests hit record 143 tril. yen amid fiscal concerns
TOKYO (Kyodo) -- Budget requests by Japanese ministries for fiscal 2027 totaled 143 trillion yen ($918 billion), marking a record high for the fourth
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.
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.
