The Japanese Cabinet approves a temporary budget bill to prevent government operations from falling into crisis.

MetaMuskRat · 2026-03-28T14:03:09+00:00

People's Financial News, March 27 — To prevent the government from falling into a crisis due to budget shortfalls affecting operations, Japan's Cabinet approved a temporary budget bill on the 27th and submitted it to the National Diet for review. The total amount of this temporary budget is approximately 8.56 trillion yen (about 160 yen to 1 US dollar), covering transfer payments to local governments, social security-related expenses, civil servant salaries, high school tuition subsidies, and other expenditures to maintain normal government operations for 11 days. The Japanese National Diet is expected to review and vote on the temporary budget bill on March 30. (Xinhua News Agency)

MetaMuskRat

2026-03-28 14:03:09

People’s Financial News, March 27 - To avoid a situation where government operations become paralyzed due to a budgetary impasse, the Japanese Cabinet approved a temporary budget on the 27th and submitted it for parliamentary review. This temporary budget totals approximately 8.56 trillion yen (1 dollar is about 160 yen) and covers expenditures such as transfer payments to local governments, social security-related costs, public servant salaries, and high school tuition subsidies, to maintain normal government operations for 11 days. The Japanese Parliament is expected to review and vote on this temporary budget on March 30. (Xinhua News Agency)

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