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Japan to decide on third extra budget to ease COVID-19 pain

Japan to decide on third extra budget to ease COVID-19 pain

December 14, 2020

TOKYO (Reuters) – Japan’s cabinet is set to endorse on Tuesday a third extra budget with spending of around 19.2 trillion yen ($185 billion) for this financial year ending in March to fund a new stimulus package, a draft document seen by Reuters showed on Monday.

The extra budget comes a week before next fiscal year’s annual budget draft is due to be decided, both of which will be rolled out together as a 15-month budget to help the economy recover from COVID-19 induced slump.

($1 = 103.8400 yen)

(Reporting by Tetsushi Kajimoto; Editing by Andrew Heavens)

The post Japan to decide on third extra budget to ease COVID-19 pain first appeared on One America News Network.

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