TOKYO: The government’s general account budget for fiscal 2015 will amount to about ¥96.3 trillion, according to a basic outline of the draft budget that was agreed upon at ministerial meetings Monday.
The figure, which is ¥500 billion more than the fiscal 2014 initial budget, is set to be the highest ever for a general account budget.
Newly issued government bonds, which represent debts held by the state, will total about ¥36.9 trillion in fiscal 2015.The rate of government debt versus total revenue is expected to be about 38 percent. For the first time in six years, the figure is set to fall below 40 percent on a preliminary budget basis.Before the Cabinet makes its official decision on Wednesday, the government plans to hold final talks on the draft budget with the ruling parties.
The primary balance, which indicates the amount that the government can procure for policy measures without acquiring debt, is forecast to be about minus ¥13.4 trillion in fiscal 2015.
