The News of Us
  • Home
  • Business
  • Politics
  • Science and Technology
  • Health
  • Subscribe Us
No Result
View All Result
The News of Us
  • Home
  • Business
  • Politics
  • Science and Technology
  • Health
  • Subscribe Us
No Result
View All Result
The News of Us
No Result
View All Result

Japan likely to forgo submitting extra budget to current parliament -Yomiuri

TOKYO (Reuters) – Japan’s government is likely to forgo submitting an extra budget to the current parliament session running until June 16, the Yomiuri newspaper reported on Friday.

Some lawmakers have called for an extra budget to fund spending to combat the COVID-19 pandemic, as state of emergency curbs to prevent the spread of the virus heighten the risk of another recession.

But the government judged there was not enough time to pass a budget through parliament with less than a month before it closes, the newspaper said, citing several government and ruling coalition lawmakers.

Finance Minister Taro Aso dismissed the need for additional spending now.

“I don’t think we need to compile a supplementary budget immediately to respond,” Aso told reporters after a cabinet meeting.

Extending the parliament session was considered difficult with a Tokyo metropolitan election looming on July 4 and the Tokyo Olympic Games from July 23, the newspaper said.

For now, the government will tap a 5 trillion yen ($46 billion) pool of funds already set aside to fund emergency spending to combat the pandemic, the Yomiuri reported.

Some of the money has already been spent but there is still 4 trillion yen left, which should last for about half a year unless there is an “explosive” spike in infections, the Yomiuri cited a government official as saying.

The newspaper did not disclose the identity of the sources.

($1 = 108.8400 yen)

[Read More…]

Previous Post

Diamonds engage both optical microscopy and MRI for better imaging

Next Post

Analysis: Retail investors learn to love the crypto rollercoaster

Related Posts

Politics

Johnny Depp & Amber Heard Pictured Arriving At Court As $50M Defamation Trial Begins

Politics

SpaceX capsule carrying businessmen that paid $55M each docks at space station

Politics

Jeopardy’s Ken Jennings Shared The Cutest Fan Letter Ever From A Young Game Show Enthusiast

Politics

Behind on filing your tax return? Make this key move

Politics

Following Will Smith Oscar slap, Daniel Radcliffe says he’s ‘dramatically bored of hearing people’s opinions’

Politics

Don’t bet on the end of Vladimir Putin

Next Post

Analysis: Retail investors learn to love the crypto rollercoaster

Follow us for latest Business News | Political News | Science & Technology News | Health News.

Subscribe Us

By clicking subscribe, I authorize: (1) The News Of Us to use and share my information in accordance with its Terms of Service and Privacy Policy, and (2) The News Of Us or third-party companies, including The News Of Us’s business partners, to contact me by email with offers for goods and services at the email address provided. Please note that the information you have provided to us may be supplemented with additional information obtained from other sources.
Loading

© 2021 The News of Us, - All Rights Reserved.

  • Subscribe Us
  • Contact Us
  • Unsubscribe
  • Privacy Policy
  • Terms Of Service
No Result
View All Result
  • Home
  • Business
  • Politics
  • Science and Technology
  • Health
  • Subscribe Us

© 2021 The News of Us, - All Rights Reserved.