Japan approves $ 940 billion budget for fiscal year 2020
Tokyo … News Time
The Japanese parliament has approved a bill to fund the record high budget for the new fiscal year beginning in April. The budget was approved in the upper house with the support of the ruling Liberal Democrat Party, the LDP, its ally Komeito party and others. The total budget is worth about $ 940 billion. LDP-affiliated parliamentarian Takamaro Fukuoka said that the budget would form the basis of actions taken to combat the Corona virus and that approval would be needed as soon as possible. Opposition legislator Hiroyuki Nagahama opposed the budget, pointing out that it did not include any funding for actions against the Coronavirus. This record budget also includes the cost needed for free higher education and economic stimulus initiatives. This record budget also includes the cost needed for free higher education and economic stimulus initiatives. The government plans to set a supplementary budget to include additional support measures to address the spread of the Coronavirus.
