Japan’s Katayama says will scrutinise budget requests for next fiscal year strictly going forward
Japanese Finance Minister (FM) Satsuki Katayama said on Tuesday that the official will not rely on deficit-covering bonds to fund the tax cut. Katayama added that government will scrutinise budget requests for next fiscal year strictly going forward.
Japanese Finance Minister Satsuki Katayama announced on Tuesday that the government will thoroughly review budget requests for the upcoming fiscal year. The official stated that the nation will not rely on deficit-covering bonds to finance the tax cut. Katayama emphasized the commitment to market credibility by examining both spending and revenue, with the aim to secure sufficient funding through non-tax revenue growth.
The government expects a significant increase in tax revenue and intends to drastically reduce wasteful spending.
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