LDP Eyeing Large-Scale Extra Budget after General Election
11:26 JST, October 7, 2024
Tokyo (Jiji Press)—A Japanese ruling party official on Sunday showed a plan for the government to compile after the upcoming general election a large-scale supplementary budget for fiscal 2024 featuring funding for measures to cope with rising prices.
In a television program, Itsunori Onodera, policy chief of the Liberal Democratic Party, said that the party aims to have the envisioned extra budget enacted by the end of December.
Onodera said: “After winning a public mandate (through the general election), we will speedily compile a supplementary budget (for the fiscal year ending next March) so that relief money will be provided by year-end. We will draw up a large-scale supplementary budget.”
Meanwhile, Kazuhiko Shigetoku, policy head of the main opposition Constitutional Democratic Party of Japan, said in the TV program that the government first should compile a supplementary budget for helping people and communities afflicted by the torrential rain in September in the Noto Peninsula in Ishikawa Prefecture, central Japan, which was heavily damaged by the 7.6-magnitude Jan. 1 earthquake.
Onodera rebutted, saying that the government can take necessary measures using its reserve funds.
The general election for the House of Representatives, the all-important lower chamber of the Diet, Japan’s parliament, is slated for Oct. 27.
"Politics" POPULAR ARTICLE
-
Japan PM Ishiba Says Corporate, Group Donations ‘Not Inappropriate’; Interpellations Start at Lower House
-
Japan’s LDP Proposes Third-Party Panel to Monitor Use of Political Funds; Draft Does Not Mention Banning Corporate Donations
-
Japan to Support Its Companies Expanding into Africa; Creating Initiative to Act as Bridge with Local Start-ups
-
SDF Seeking Ways to Distinguish Proper Guidance and Harassment; Leaders Hope to Create Common Understanding of What Is Appropriate Instruction
-
Tourists’ Consumption Tax Exemption To Take New Form; Refunds When Departing To Replace Waivers When Buying
JN ACCESS RANKING
- Japan’s Kansai Economic Delegation Meets China Vice Premier, Confirm Cooperation; China Called to Expand Domestic Demand
- Yomiuri Stock Index to Launch in March; 333 Companies to be Equally Weighted
- China to Test Mine for Rare Metals Off Japan Island; Japan Lagging in Technologies Needed for Extraction
- Miho Nakayama, Japanese Actress and Singer, Found Dead at Her Tokyo Residence; She was 54 (UPDATE 1)
- Risk of Nuclear Weapons Being Used Greater Than Ever; Support Growing in Russia As Ukraine War Continues