Japan needs extra budget of over ¥10 trillion: LDP No. 2 Toshihiro Nikai

Business Nov 19, 2019

Japan needs extra budget of over ¥10 trillion: LDP No. 2 Toshihiro Nikai

The government needs to compile an extraordinary budget of more than ¥10 trillion to bolster the economy, a senior ruling party official said Tuesday. "As uncertainty grows about the economic outlook, (the government) cannot remove the public's anxiety without a large-scale supplementary budget," Toshihiro Nikai, ...

U.S. budget deficit nears $1 trillion, highest since 2012

Business Oct 26, 2019

U.S. budget deficit nears $1 trillion, highest since 2012

America's budget deficit soared to nearly $1 trillion in the 2019 fiscal year as government borrowing swelled, the U.S. Treasury announced Friday. The fourth straight year of broadening budget gaps underscored a new tolerance for yawning fiscal imbalances in the current political era. Republican lawmakers' oft-stated ...

Japan begins compiling fiscal 2020 budget

Business Oct 3, 2019

Japan begins compiling fiscal 2020 budget

A subcommittee of the Fiscal System Council launched full-fledged discussions Thursday to compile the budget for fiscal 2020. The budget compilation work for the coming fiscal year, which starts in April, is the first of its kind since the Reiwa Era began May 1 with ...