Prime Minister Shinzo Abe is seen at the new National Stadium in Tokyo on Dec 15. Photo: Pool via REUTERS
politics

Cabinet approves record ¥102 tril draft budget for FY2020

21 Comments

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21 Comments
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If only fiscal responsibility had a comical rosette.

5 ( +6 / -1 )

Ouch! Another record budget?

And how many additional budgets can we expect to come?

If I want to spend money I have to either earn or save it first.

Those folks got it easy.

Keep on raising taxes, keep on printing and don't worry ... be happy.

4 ( +5 / -1 )

Abe's administration will continue its efforts to bring the primary balance -- tax revenue minus expenses other than debt-servicing costs -- into the black by fiscal 2025.

So they're going to start paying down the debt from 2025 or 2026, right?

-1 ( +1 / -2 )

If I want to spend money I have to either earn or save it first.

That's for financially responsible people. For everyone else, just use your credit card, lol.

0 ( +3 / -3 )

The government will also widen the scope of free education to cover university students from low-income households.

That's going to piss off a lot of people who paid for their university education.

-1 ( +3 / -4 )

Correct me if I am wrong, but weren’t both of the sales tax increases to be used for increasing social security costs? These tossers are full of poop!

2 ( +2 / -0 )

 a record 102.66 trillion yen of fake money. ABE will take responsibility not me!

why people should pay tax if GOV can print out money as much as they want...

3 ( +4 / -1 )

Abenomics guys.

3 ( +3 / -0 )

561 BILLION for foreign aid???

1 ( +1 / -0 )

The govt raises the consumption tax in Oct, then compiles a ¥26 tril stimulus package earlier this month. Now a record budget. Not unlike driving with one foot on the break and the other on the accelerator at the same time.

5 ( +5 / -0 )

brake

0 ( +0 / -0 )

So much animosity against PM Abe on here .... if anyone kept Japanese elders at good and kept Japan far from NK threats and Chinese aggression it was all due to PM Abe.

-4 ( +2 / -6 )

Abe laughing all the way to the bank

0 ( +2 / -2 )

Keep on raising taxes, keep on printing and don't worry ... be happy.

Yep, gotta keep the ponzi going.

3 ( +3 / -0 )

S. Korea a country with 1/3 the population of Japan will spend over $400 billion dollars for 2020 budget.

Funny how the anti-Japan crowd and South Korea supporters have no problem with their own countries spending, but you Japan are not allowed! Irony

-4 ( +0 / -4 )

The easiest way to fleece a country’s coffers is through “defense”, or protection, along with wars. In his essay “War is a Racket”, former USMC Maj Gen Smedley D Butler, exposed US wars as a racket. The long written version as well as a reenactment are in the web/You-Tube.

Along the same line of thought, Bill Still, in his documental,(full), “The Money Masters”, expose how the bankers have gotten hold of governments to the point that we are heading to a dead end in debt. That explains the spending frenzy in defense, space programs, and the newly created space cadet corps. These two sources are eye openers for those who are awake.

1 ( +1 / -0 )

Japanese money is worthless now since 5 years ago. ¥102 tril sounds a lot, looks a lot, but actually is less than $1 tril. US has more debt than that tiny amount.

-1 ( +0 / -1 )

Just like the USA, they might have to start the printing machines someday.

-2 ( +0 / -2 )

Hokkaidoboy - So much animosity against PM Abe on here .... if anyone kept Japanese elders at good and kept Japan far from NK threats and Chinese aggression it was all due to PM Abe.

Very well said! The paranoia and naivety of this statement sums up Japanese brainwashing very well. It’s difficult to understand how so many people believe this garbage.

0 ( +1 / -1 )

So they're going to start paying down the debt from 2025 or 2026, right?

No, because the target they are talking about excludes 20 odd trillion in “debt servicing costs”. So don’t expect they’ll start paying down debt, or even stop issuing new debt, any time soon - at least not under these policy settings.

1 ( +1 / -0 )

Hokkaidoboy - So much animosity against PM Abe on here .... if anyone kept Japanese elders at good and kept Japan far from NK threats and Chinese aggression it was all due to PM Abe.

Yeah ok.....DO tell...just how did Abe ' keep Japanese elders at good ' ?....by increasing their taxes?..yep, they should be so grateful. And keeping Japan safe from NK and Chinese aggression how? ...by having Suga issuing some strong ' condemnation ' statement at his regular media briefing comedy show? Yep, sooo super effective.

1 ( +1 / -0 )

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