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Japan agrees to record budget for the year 2012 to meet the reconstruction and public debt
Tokyo, December 24 /: The Japanese government approved today the draft law on a record budget for the year 2012 the value amounted to 93.65 trillion yen (1.198 trillion dollars), so you can rebuild the country after the earthquake, which occurred in March / March, and the face of public debt huge.
This is the highest budget in the history of Japan, which is geared for the fiscal year begins in 2012, the first of April / April next, is scheduled to be put to parliament early new year.
Is scheduled to direct the largest share of the budget, amounting to 26.39 trillion yen (about 338.049 billion dollars) to cover the expenses of social insurance.
The government will allocate 3.78 trillion yen (48.42 billion dollars) for the reconstruction of areas affected by the earthquake that struck northern Japan on March 11 / March, and the subsequent tsunami.
It is expected that this share also includes the expenses of the clearance of areas contaminated as a result of the nuclear accident Fukushima Daiichi nuclear plant.
The Japanese government has agreed this year to three additional budgets, allocated from the total value of 15 trillion yen (192.14 billion dollars) for the reconstruction of the country as well.
It is intended to draw the government's 49% of the new budget for the issuance of sovereign bonds, which reflects the difficulties faced by the government of Prime Minister of Japan Yoshihiko Noda resolve the debt crisis is high, which is the highest among major industrialized countries.
Tokyo, December 24 /: The Japanese government approved today the draft law on a record budget for the year 2012 the value amounted to 93.65 trillion yen (1.198 trillion dollars), so you can rebuild the country after the earthquake, which occurred in March / March, and the face of public debt huge.
This is the highest budget in the history of Japan, which is geared for the fiscal year begins in 2012, the first of April / April next, is scheduled to be put to parliament early new year.
Is scheduled to direct the largest share of the budget, amounting to 26.39 trillion yen (about 338.049 billion dollars) to cover the expenses of social insurance.
The government will allocate 3.78 trillion yen (48.42 billion dollars) for the reconstruction of areas affected by the earthquake that struck northern Japan on March 11 / March, and the subsequent tsunami.
It is expected that this share also includes the expenses of the clearance of areas contaminated as a result of the nuclear accident Fukushima Daiichi nuclear plant.
The Japanese government has agreed this year to three additional budgets, allocated from the total value of 15 trillion yen (192.14 billion dollars) for the reconstruction of the country as well.
It is intended to draw the government's 49% of the new budget for the issuance of sovereign bonds, which reflects the difficulties faced by the government of Prime Minister of Japan Yoshihiko Noda resolve the debt crisis is high, which is the highest among major industrialized countries.
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