Japan's lower house approves a 112.57 trillion yen ($750 billion) budget for fiscal 2024, with record social security and defense spending.
Japan's lower house approved a 112.57 trillion yen ($750 billion) budget for fiscal 2024, with record allocations for social security costs and controversial defense spending. The budget, which is smaller than the record 114.38 trillion yen allocated for the current fiscal year to March, is still the second-largest, highlighting the urgency for Japan to rein in spending and restore its fiscal health.
March 02, 2024
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