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Standoff delays subsidies to local governments
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Because of the delay in passing the deficit bond bill, the central government will defer payment of yen 4.1 trillion in grants to local and prefectural governments, Finance Minister Koriki Jojima said Oct. 30.
The central government has put off some spending since September, including subsidies for national universities and government-affiliated companies, due to the political standoff that has prevented the Diet from enacting the bill, which would enable the government to borrow yen 38.3 trillion for the fiscal 2012 budget. (Kyodo News)
赤字国債法未成立で交付税支払い延期
城島財務相は10月30日、赤字国債発行法案の成立が遅れている影響で、地方交付税交付金の支払いを延期すると述べた。
Shukan ST: NOVEMBER 9, 2012
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