Fiscal 2016 Budget Highlights for Economic Growth and Policy Objectives
"Discover the key points of the fiscal 2016 budget, focusing on economic revitalization and policy goals such as birthrate increase and caregiving support. Prime Minister Shinzo Abe's administration allocates record-high funds for societal advancement and fiscal stability."
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Presentation Transcript
Budget for Fiscal 2016 159695020 Mizuki Hatada
96.7218 trillion general- account budget for fiscal 2016 on Tuesday. marked a record high for the fourth straight year - allocates funds for plans to realize a society a policy highlight of Prime Minister Shinzo Abe s Cabinet
Policy of Prime Minister Shinzo Abe s Cabinet major targets - realizing a desired birthrate of 1.8 - reducing to zero the number of people who have to quit their jobs to care for relatives
the budget is designed to achieve two objectives - revitalizing the nation s economy - restoring fiscal health Cut the amount of newly issued government bonds by 10 trillion
plans to raise the consumption tax on April 2017 denying speculation the planned increase would be postponed "There is no change to the tax hike plan next year unless there are situations like the Lehman shock or a massive earthquake," Abe said.
