Japan forecasts achieving primary balance goal in FY 2025, improving from January's ¥1.1 trillion deficit.
Japan anticipates achieving its primary balance goal in the fiscal year beginning April 2025, marking an improvement from the ¥1.1 trillion deficit predicted in January. This milestone, set in 2002, has been delayed for over a decade. The primary balance, excluding net interest payments on public debt, is projected to be around ¥800 billion ($5.2 billion) or 0.1% of GDP in fiscal 2025, with the improved forecast easing pressure on the government facing growing social security and defense spending.
July 29, 2024
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