November 28, 2021, 19:20

    Japan to spend $313 bln in extra budget as tax income overshoots – draft

    Japan to spend $313 bln in extra budget as tax income overshoots – draft

    TOKYO, Nov 24 (Reuters) – Japan's government is set to compile an extra budget for this fiscal year featuring spending worth 36 trillion yen ($313 billion), with additional new bond issuance at 22.1 trillion yen, a draft of documents seen by Reuters showed on Wednesday.

    Tax revenue would exceed initial estimates by 6.4 trillion yen in a sign the Japanese economy has weathered the fallout from the COVID-19 pandemic better than earlier thought, the draft of an extra budget due to be crafted on Friday showed.

    ($1 = 114.8400 yen)

    Register now for FREE unlimited access to reuters.comRegisterReporting by Takaya Yamaguchi; Writing by Tetsushi Kajimoto

    Sourse: reuters.com

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