National News Cabinet OKs record ¥92.6 trillion budget

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Prime Minister Shinzo Abe's Cabinet on Jan. 29 approved a record-high ¥92.6 trillion initial general-account budget for fiscal 2013, aiming to shore up the economy through large-scale public works projects.

But with 46.3 percent of the budget to be financed by new bond issuance, Abe will need to quickly hammer out a plan to restore the nation's precarious fiscal health, already the worst among major developed countries.

The total size of the initial budget for the new fiscal year, which starts April 1, is higher than the previous initial-budget record of ¥92.4 trillion proposed in fiscal 2011. (Kyodo News)

92.6兆円の当初予算案を閣議決定

政府は１月29日、当初予算案としては過去最大の規模の92.6兆円を超える2013年度予算案を決定した。

Shukan ST: FEBRUARY 8, 2013

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