• Kyodo News

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The government and the ruling bloc agreed Tuesday on a plan to cap general expenditures in the budget for fiscal 2010 at ¥52.67 trillion, an all-time high, Finance Minister Kaoru Yosano said.

The cap on outlays to implement policy measures for the year starting next April will increase about ¥5 trillion from the previous ceiling, or ¥1 trillion from general expenditures in this fiscal year’s initial budget, due primarily to rising social security payments.

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