The government on Monday submitted to the Diet a ¥25.69 trillion ($240 billion) reworked supplementary budget to fund a package of emergency measures aimed at mitigating the economic impacts of COVID-19.
The draft budget, approved by the Cabinet on April 20, was boosted from the original ¥16.81 trillion due to a sudden policy shift by Prime Minister Shinzo Abe to provide ¥100,000 to all residents instead of a plan to give ¥300,000 to households whose income had fallen sharply.
The extra budget for fiscal 2020 is expected to be approved by the House of Representatives on Wednesday, even though the day is a national holiday, and to be enacted the following day after passage in the House of Councillors.