Japan cabinet to approve $1.02 trillion annual budget
- Published: 29 Jan 2013 at 14.44
- Online news: Asia
Japan's cabinet was Tuesday set to approve a $1.02 trillion annual budget with boosts in defence and public works spending amid a festering territorial row with China and a renewed assault on deflation.
Japanese Self Defense Force ground troops participate in a military drill in Narashino, January 13, 2013. Japan's cabinet was Tuesday set to approve a $1.02 trillion annual budget with boosts in defence and public works spending amid a festering territorial row with China and a renewed assault on deflation.
The cabinet is expected to approve a 92.61-trillion-yen ($1.02 trillion) budget for fiscal 2013, with revenue estimated at 43.10 trillion yen and new bond issuance at 42.85 trillion yen -- the first time in four years revenue will have been greater than new bond issuance, local reports have said.
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