The Abe administration is considering curbing the new issuance of government bonds to around ¥42 trillion in fiscal 2014, down about ¥1 trillion from the initial state budget for the current fiscal year, due to a projected increase in tax revenues, sources said Saturday.
Tax revenues in the general account are forecast to increase by more than ¥7 trillion in fiscal 2014 on the back of next April’s sales tax hike to 8 percent from the current 5 percent, as well as expected growth in corporate tax revenues, the sources said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.