Japan Govt Submits Budget Plan as Diet Starts 150-Day Session
Tokyo, Jan. 28 (Jiji Press)--The government submitted to the Diet, Japan's parliament, its fiscal 2019 draft budget with general-account spending at a record 101,457.1 billion yen on Monday, as the Diet started a 150-day ordinary session the same day.
The fiscal 2019 initial budget, including funds for stimulus measures to cope with the impact of a consumption tax hike scheduled for October, will be the first to exceed 100 trillion yen, with both defense and social security outlays hitting new record highs.
"We'll have the last Diet session of the Heisei era," which will end with Emperor Akihito's abdication on April 30, Prime Minister Shinzo Abe told reporters in the morning.
"And also, it'll be a session to usher in a new era. We'll respond to the people's expectations by working for an early enactment of the budget, as well as important legislation including for free-of-charge education," Abe said.
The government aims to get the fiscal 2019 budget through the Diet by the end of March.
[Copyright The Jiji Press, Ltd.]