According to news from Kyodo News on August 20, it is reported that in terms of expenditures from 2020 to 2022 plus expected expenditures in 2023, the Japanese government has spent a total of about 68.5 trillion yen (about 3.4 trillion yuan) in response to the new crown epidemic and rising prices. ).
The amount of expenditure includes a “special fixed subsidy” of 100,000 yen per person for all citizens, an “emergency comprehensive support subsidy” for local governments to secure hospital beds, subsidies to curb the rise in fuel prices such as gasoline and kerosene, and Items where cashless settlement service points are issued to those who have obtained an Individual Number Card.
According to statistics, Japan’s deficit ratio from 2020 to 2023 will worsen by 1.7 to 5.2 percentage points compared to when there is no such expenditure.
Huge expenditures have led to inflation of government borrowing. According to estimates by the Japanese Cabinet Office, the balance in 2023 will reach more than 180% of GDP, approaching 1,100 trillion yen.
(Article source: Jiemian News)
Article source: Interface News
Original title: Japanese media: The Japanese government has spent a total of nearly 68.5 trillion yen in response to the new crown and rising prices
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2023-08-20 06:15:04
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