2023-11-24 08:45:57
The supplementary budget bill for this fiscal year, with a total general account budget of 13,199.2 billion yen, was voted on at the House of Representatives Budget Committee on the 24th, following a closing question and answer session attended by Prime Minister Kishida and all cabinet ministers. The bill was passed with a majority of votes from the Liberal Democratic Party, the Komeito Party, the Japan Restoration Party, and the Democratic Party of the People.
In response to this, a plenary session of the House of Representatives was held in the followingnoon, and during the debate, the Liberal Democratic Party stated, “It is urgent that we mobilize bold policies to avoid falling back into deflation. It is our responsibility to achieve this goal and realize a virtuous cycle of growth and distribution.”
In response, the Constitutional Democratic Party of Japan said, “Prime Minister Kishida suddenly announced a reduction in income taxes and other taxes, but they will only begin in June next year, which is too late as a measure to counter rising prices.It will be necessary to issue new deficit-deficit national bonds, which will burden the government rather than give back.” “They are deceiving the people by making a big deal of trying to predict the future.”
As a result of the vote, the supplementary budget bill was passed with a majority of votes from the Liberal Democratic Party, Komeito Party, Japan Restoration Party, and the Democratic Party of Japan, and was sent to the House of Councilors.
In the supplementary budget bill
▽In response to rising prices, the plan includes a 70,000 yen benefit to low-income households that are exempt from resident tax, and an extension of measures to reduce the burden of gasoline, electricity, and gas bills.
▽Achieving sustainable wage increases and
▽Costs for promoting domestic investment are included.
The supplementary budget bill is scheduled to be questioned at the House of Councilors Budget Committee on the 27th and 28th of next week, with Prime Minister Kishida and all cabinet members in attendance, and the ruling party hopes to pass it within next week. I am.
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