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

  • 11/24/2021
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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)

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