Japan Eyes Extra Budget after Devastating Typhoon Hagibis

Politics

Tokyo, Oct. 15 (Jiji Press)--Prime Minister Shinzo Abe said Tuesday the government is considering compiling a supplementary budget for fiscal 2019 to finance restoration and reconstruction efforts in areas hit by deadly typhoon Hagibis over the weekend.

"We'll take necessary fiscal steps including assembling an extra budget," Abe said at a meeting of the government's emergency disaster response headquarters, also indicating that the central government will speed up work to allow devastated municipalities to receive special state funding by designating them as severely damaged areas.

The government plans to draft a supplementary budget by the end of the year and get it through the Diet at the beginning of an ordinary session to start early next year. Until then, it will tap into reserve funds totaling 500 billion yen in the fiscal 2019 initial budget, informed sources said.

Yuichiro Tamaki, leader of the opposition Democratic Party for the People, said his party wants the government to compile an extra budget and introduce it to the ongoing extraordinary session for parliamentary approval even by extending the session beyond the Dec. 9 end.

Also at the disaster response task force meeting, participants agreed to send support staff to five prefectures and nine municipalities to help them operate evacuation shelters.

[Copyright The Jiji Press, Ltd.]

Jiji Press