Japan Will Spend $313 Billion In Additional Budgetary Funds Due To Tax Revenue Overshoots

Nov 25, 2021

Japan Will Spend $313 Billion In Additional Budgetary Funds Due To Tax Revenue Overshoots

Japan is likely to submit an additional budget for fiscal 2021 on Friday, with spending of $313 billion, according to a draft obtained by Reuters, while maintaining market issuance of interest-bearing bonds stable as it concentrates efforts to mitigate the impact of the coronavirus outbreak.

The draft revealed that tax income will exceed original expectations by 6.4 trillion yen to reach a record 63.8 trillion yen, indicating that the world's third largest economy had survived the repercussions from the COVID-19 outbreak better than previously believed.

The additional budget proposal was established when Prime Minister Fumio Kishida's cabinet revealed the 79 trillion yen ($686 billion) program the week before, which included an unprecedented 55.7 trillion yen in expenditure.

Another 22.1 trillion yen in new bond issue was witnessed, bringing the overall bond issuance for this financial year to 65.7 trillion yen.

According to Reuters sources familiar with the situation, the Ministry of Finance intends to maintain market issuance of interest-bearing government bonds (JGB) steady as it assesses its issuance strategy for this financial year in the aftermath of a latest stimulus program.

To counteract any rise in market issue of interest-bearing JGBs, the ministry plans to decrease financial investment and lending programme (FILP) agency assets, avoiding a dramatic reassessment of market issuance of JGBs.

138.2 trillion yen of interest-bearing bonds will be left unsold for the financial year ending in March 2022, out of a total of 221.4 trillion yen in market issuance.

The interest-bearing JGBs include those with maturities of two years, five years, ten years, twenty years, thirty years, and forty years, as well as inflation-linked bonds and enhanced liquidity bonds, according to the sources, who asked to remain anonymous as they were not authorized to comment publicly.

The rest are treasury bills, which will be used to make up any shortfalls or surpluses in the supplementary budget. Treasury note issuance may be reduced as an outcome of the review.

Japan's enormous long-term debt pile has reached 1,212 trillion yen, the highest of all industrialized countries, after three rounds of heavy government stimulus last year.

To battle the epidemic, the government has set a record initial budget of 106.6 trillion yen for this fiscal year, including fresh borrowing of 43.6 trillion yen.

Subscribe Our Newsletter

Stock Market News Live Updates: Stocks Deliver Best Weekly Performance Since November 2020 As S&P 500 Jumps 6% From Last Week
Stock Market News Live Updates: Stocks Deliver Best Weekly Performance Since November 2020 As S&P 500 Jumps 6% From Last Week

Stocks in the United States rose towards the close on Friday, marking the fourth straight day of profits. The main market indexes also saw good weekly gains as traders reacted positively to the Federal Reserve's first step toward boosting interest rates.

Stocks
Swiss Markets Watchdog Approves First Crypto Assets Fund
Swiss Markets Watchdog Approves First Crypto Assets Fund

On Wednesday, Switzerland's financial markets watchdog announced that the country's first crypto-focused fund had been approved.

Crypto
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Tamta

What Is Return On Investment (ROI), And How Can You Calculate It?
Whether you're investing in equities, futures, cryptocurrencies, or other forms of investments, the first question that often comes to mind is, "How much profit can I potentially make from this venture?"

discover
How Liquidity Provider Tokens Work

Liquidity Provider

How Liquidity Provider Tokens Work

Numerous DeFi protocols make use of LP tokens, which are used to swap money for ownership of a pool that represents the proportion of a crypto liquidity provider in the pool.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.