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Japan unlikely to compile extra budget for stimulus now

0 Comment(s)Print E-mail Xinhua, April 16, 2025
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TOKYO, April 16 (Xinhua) -- A supplementary budget for fiscal 2025 to fund stimulus measures to deal with price hikes and U.S. hefty tariffs is unlikely to be submitted during the current ordinary parliamentary session, local media reported.

Instead of a supplementary budget, the government is now expected to cover the cost of anti-inflation measures, such as electricity and gas subsidies, with reserve funds in the initial budget for the year through March 2026, which began this month, Jiji Press reported, citing informed sources.

The government and ruling parties initially considered beginning full-scale discussions this month on compiling the supplementary budget, but have decided to hold off to monitor the developments of the U.S. tariff policy, as it has already changed several times, the report said.

A senior official of the ruling Liberal Democratic Party said Tuesday night that an extra budget is unlikely to be submitted before the ongoing Diet session ends on June 22, as the impact of the U.S. tariffs remains to be seen. Enditem

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