TOKYO, Nov. 28 (Xinhua) -- The Japanese government is eyeing new government bond issuance of 6.7 trillion yen (about 44 billion U.S. dollars) to fund a supplementary budget required for a stimulus package planned by Prime Minister Shigeru Ishiba, local media reported Thursday.

Ishiba's administration is expected to approve a fiscal 2024 supplementary budget on Friday with 13.9 trillion yen in general-account expenditure to finance its economic package aimed at easing the financial burden on households amid rising prices, Kyodo News reported, citing sources close to the matter.

The government will likely use a tax surplus of 3.8 trillion yen in the current fiscal year to March, mainly resulting from strong corporate earnings, to fund the package, according to the sources.

The issuance of additional government bonds to cover the remainder of the 13.9 trillion yen budget will further worsen Japan's fiscal health, the worst among developed economies, the report said.

Ishiba's Cabinet aims to secure parliamentary approval for the draft budget by the end of the extraordinary Diet session through Dec. 21. Enditem

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