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Japan eyes record spending requests on rising debt, social welfare costs

Reuters | K Kyung-Hoon
Reuters | K Kyung-Hoon

Japan’s government spending requests for next fiscal year will likely set a record for the third consecutive year, a draft of the requests obtained by Reuters showed on Monday, highlighting the challenge the country faces in fixing its dire finances…. The biggest outlay would come from the health ministry, which requested 34.8 trillion yen in spending mostly to pay for rising social welfare costs for an ageing population.

Posted in: News on 09/03/2025 | Link to this post on IFP |
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