Lower House passes second supplementary budget bill to tackle inflation

Nov 29, 2022 | News On Japan

TOKYO - Japan's Lower House has passed a second supplementary budget for the current fiscal year to tackle soaring prices. The bill was sent to the Upper House.

The budget passed on Tuesday totals about 28.9 trillion yen, or about 209 billion dollars, including funding for measures to ease the burden of surging electricity and gas bills for households and companies.

The government also plans to provide financial assistance equivalent to 100,000 yen, or about 700 dollars, for pregnancy and childbirth.

A reserve fund of about 4.7 trillion yen, or about 34 billion dollars, is set aside for measures against the coronavirus, inflation and others. ...continue reading

Source: ANNnewsCH

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