The Cabinet of Prime Minister Yoshihiko Noda on Tuesday approved a a ¥2.5 trillion spending package to finance support measures for carmakers and farmers as well as other policy steps.

The government said it will not issue any new bonds to compile the supplementary budget — the fourth of this fiscal year — as part of its efforts to restore the country's fiscal health, the worst among major developed economies.

It will instead tap tax revenues and a surplus in funds originally set aside for servicing the existing debt.