Tokyo, Sept. 20 (Jiji Press) — Some members of Japan’s ruling Liberal Democratic Party have called for fiscal spending of at least 30 trillion yen in a comprehensive economic program the government plans to release in October.
“The baseline should be 30 trillion yen,” said Hiroshige Seko, general secretary of the LDP lawmakers in the House of Councillors, the upper house of parliament, at a press conference on Tuesday.
Seko referred to the government’s supplementary budget for fiscal 2021, with spending exceeding 30 trillion yen.
“This time, (measures to combat) soaring prices, material shortages and higher electricity bills will also be included,” he said, demanding greater spending than under the supplementary budget.
The LDP plans to draw up proposals for economic measures in mid-October. Based on the proposals, the government is expected to formulate the economic package and present the second supplementary budget of the fiscal year 2022 to finance the package during an extraordinary parliamentary session in November.
[Copyright The Jiji Press, Ltd.]