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The Tokyo Metropolitan Government, saddled with a deficit of roughly 310 billion yen this fiscal year, released a financial reconstruction plan Aug. 14 that singled out 30 items to be reviewed for possible budget reductions. The plan aims to cut the next fiscal year budget by 126.8 billion yen to 1.5 trillion yen. Details are to be nailed down by the end of the year.

The plan clearly states that the local government will not initiate major new land readjustment and urban redevelopment projects for the time being to save the budget for public works. On welfare, the metropolitan government will proceed with a budget review with an eye to cutting subsidies for medical treatment fees and hospital food costs for disabled people with incomes larger than a specified level, according to the plan.

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