General-account budget requests from Japanese government agencies and ministries for fiscal 2026 are expected to exceed ¥122 trillion to hit a record high for the third consecutive year.
The figure is higher than the ¥117.6 trillion sought under the government's fiscal 2025 general-account budget. On Friday, the Finance Ministry effectively finished accepting budget requests for fiscal 2026, which starts next April.
The increase is due to surges in debt-servicing costs, including loan repayments and interest payments, and policy-related expenses reflecting rising prices and wages.
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