The Cabinet approved guidelines Friday for drafting the fiscal 2013 budget, emphasizing financing for an economic growth strategy and the development of renewable energy resources.

The guidelines also stress that the government will maintain fiscal discipline, maintaining the current fiscal year's ¥71 trillion cap on major policy spending and ¥44 trillion limit for new debt issuance.

The Finance Ministry requires other government offices to submit their budgetary requests by Sept. 7. It will then draw up a draft budget likely to total between ¥90 trillion and ¥95 trillion in late December, before the government submits it to the Diet early next year.