• Kyodo

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The government plans record-high spending of ¥73.11 trillion ($602 billion) to fund its operations and programs in fiscal 2016, with the focus on assistance for child-rearing and other welfare measures, government sources said Monday.

The entire general-account budget for the year starting April 1 is expected to total a record ¥96.72 trillion, when debt-servicing costs are included.

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