Connect with us

Popular World News

Japan to spend $313 billion in extra budget as tax income overshoots

Japan to spend $313 billion in extra budget as tax income overshoots


Japan to spend $313 billion in extra budget as tax income overshoots

© Reuters. Light is cast on a Japanese 10,000 yen note as it’s reflected in a plastic board in Tokyo, in this February 28, 2013 picture illustration. REUTERS/Shohei Miyano/File Photo

TOKYO (Reuters) – Japan’s government is set to compile an extra budget for this fiscal year featuring spending worth 36 trillion yen ($313 billion), with additional new bond issuance at 22.1 trillion yen, a draft of documents seen by Reuters showed on Wednesday.
Tax revenue would exceed initial estimates by 6.4 trillion yen in a sign the Japanese economy has weathered the fallout from the COVID-19 pandemic better than earlier thought, the draft of an extra budget due to be crafted on Friday showed. ($1 = 114.8400 yen)
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


To Top
error: Content is protected !!