The stimulus package planned to buffer the economy from next year's consumption tax hike will be worth ¥6 trillion, including ¥1 trillion in tax cuts to stimulate corporate investment, officials said Monday.

Prime Minister Shinzo Abe's Cabinet will approve the stimulus Tuesday and decide to raise the 5 percent consumption tax rate to 8 percent next April as scheduled, the officials said. Another hike will complete its doubling to 10 percent in October 2015.

Abe, who is concerned the first tax hike will sabotage a nascent economic rebound by damping consumer spending, met Finance Minister Taro Aso and economic and fiscal policy minister Akira Amari on Monday at his office to put the final touches on the package.