For the fifth straight year, the government will probably be forced to issue the deficit-covering bonds that have helped drive the nation into fiscal crisis, a senior Finance Ministry official indicated August 28.

According to an estimate by the ministry released the same day, requests for the fiscal 1998 general account budget compiled by individual government ministries and agencies will total roughly 80.55 trillion yen, up 4.1 percent from the budget of the current fiscal year.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.