Japan Through The Draft Additional Budget Worth $ 314 Billion

On November 26, the Japanese government approved the draft additional budget of Fiscal 2021 with a total value of up to 36,000 billion yen (about 314 billion USD) to finance a part for the economic stimulus package Up to the economy after the translation of Covid-19. The loves of the capital in the draft additional budget of this record high value will be mobilized from the issuance of government bonds, with total issuing volume By 22,100 billion yen (more than 193 billion USD). With this plan, the total amount of bonds that the Japanese government is expected to be issued in the 2021 fiscal year is estimated at 65,700 billion yen (more than 575 billion USD). However, this number is still much lower than about 108,600 billion yen (more than 950 billion USD) bonds that have been issued in the 2020 fiscal year. The issuance of government bonds, Japan is planning to take 6,100 billion Yen (more than 53 billion USD) from the remaining amount in the budget of the Fiscal 2020 to finance this additional budget

. For the use of the supplementary budget draft, the Japanese government is expected to Spending 18,600 billion yen (nearly 163 billion USD) to finance measures to prevent Covid-19 epidemic and reduce the economic impacts of the pandemic, of which 1,700 billion yen (nearly 15 billion USD) to raise capital For the government's unemployment insurance system. Besides, Japan will spend 268.5 billion yen (over 2 3 billion USD) in additional budgets to continue implementing the tourism stimulus program "Go To Travel, "Capital must suspend from December 2020 due to outbreaks, to support this" smokeless industry ". Before that, the Japanese government passed the economic stimulus package with a total value Up to 78.90 0 Billion yen (690.6 billion USD), in which part is extracted from the supplementary budget draft as well as funded by private.

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