Forty-five public corporations financed by the “zaito” government fiscal investment and loan program held roughly 306 trillion yen in total liabilities as of the end of fiscal 2000, according to a Board of Audit report submitted Friday to Prime Minister Junichiro Koizumi.
During the past 12 years through March 31, the government paid out a total of 31.2 trillion yen, including some 5.05 trillion yen in fiscal 2000, to help the quasi-governmental bodies reduce their debt loads, which the board said “match the outstanding balance of government bonds.”
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