• SHARE

The government’s draft budget for fiscal 2008, the first one compiled under the administration of Prime Minister Yasuo Fukuda, points to the difficulties faced during its compilation amid a slowdown in the growth of tax revenues. Furthermore, the compilation is under heavy pressure from lawmakers of the ruling Liberal Democratic Party and Komeito who want to give generous budgetary allowances to voters in anticipation of general elections next year.

But the draft budget fails to convey the message of how the government is trying to radically solve problems in such fields as social security, medical services and employment — the biggest problems faced by the current Japanese economy.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW