Politics | Jan 23

Japan's Fiscal Deficit Projected at 1.1 Trillion Yen for 2025

TOKYO, Jan 23 (News On Japan) - The fiscal balance of both national and local governments for 2025 is estimated to result in a deficit of 1.1 trillion yen, as presented by the Cabinet Office to the Council on Economic and Fiscal Policy.

The estimate is based on the assumption of a nominal growth rate of around 3%, projecting a deficit of 1.1 trillion yen for the fiscal year 2025.

Additionally, if continued efforts are made to improve spending efficiency, an improvement of about 1.3 trillion yen is expected. Prime Minister Fumio Kishida emphasized that these figures indicate the possibility of achieving a basic fiscal balance surplus by fiscal year 2025. He stated, "We will continue to steadily advance fiscal consolidation."

Source: テレ東BIZ


MORE Politics NEWS
POPULAR NEWS

Mimurotoji Temple in Uji City, Kyoto Prefecture, known for its beautiful flowers, is currently celebrating the peak bloom of approximately 250 weeping plum trees, delighting visitors with the arrival of spring.

The world's largest projection mapping has lit up the walls of Tokyo Metropolitan Government Building, standing over 240 meters tall. The opening ceremony also included the certification ceremony for the Guinness World Record.

Isn't it beautiful? In a flask containing a substance with a deep purple hue, Professor Akira Kitagishi from Doshisha University is conducting an experiment that may create a groundbreaking therapeutic drug.

A long-standing Japanese restaurants in Beijing has been forced to close, suffering the impact of a three-year-long zero-COVID policy and the backlash from Japan's policy to release treated water from Fukushima's stricken nuclear plant.

Rice and nori are a perfect match. Whether it's in onigiri or sushi rolls, the aroma of seaweed is irresistible.

FOLLOW US