国际英语资讯:Japans cabinet greenlights record-high budget plan for FY 2019, defense spending soars
<p><span word="TOKYO">TOKYO</span>, <span word="Dec">Dec</span>. 21-- <span word="Japan">Japan</span>'<span word="s">s</span> <span word="cabinet">cabinet</span> <span word="on">on</span> <span word="Friday">Friday</span> <span word="approved">approved</span> <span word="a">a</span> <span word="record">record</span>-<span word="high">high</span> 101.46 <span word="trillion">trillion</span> <span word="yen">yen</span> (913 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="budget">budget</span> <span word="plan">plan</span> <span word="for">for</span> <span word="fiscal">fiscal</span> 2019, <span word="with">with</span> <span word="soaring">soaring</span> <span word="social">social</span> <span word="security">security</span> <span word="costs">costs</span> <span word="and">and</span> <span word="military">military</span> <span word="spending">spending</span> <span word="weighing">weighing</span> <span word="on">on</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="already">already</span>-<span word="fragile">fragile</span> <span word="fiscal">fiscal</span> <span word="health">health</span>.</p><p><span word="According">According</span> <span word="to">to</span> <span word="the">the</span> <span word="draft">draft</span> <span word="budget">budget</span>, <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="year">year</span> <span word="starting">starting</span> <span word="from">from</span> <span word="April">April</span> 2019 <span word="will">will</span> <span word="see">see</span> <span word="a">a</span> <span word="record">record</span>-<span word="high">high</span> 77.95 <span word="trillion">trillion</span> <span word="yen">yen</span> (701 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="earmarked">earmarked</span> <span word="for">for</span> <span word="policy">policy</span> <span word="spending">spending</span> <span word="in">in</span> <span word="the">the</span> <span word="general">general</span> <span word="account">account</span> <span word="of">of</span> <span word="the">the</span> <span word="Japanese">Japanese</span> <span word="government">government</span>.</p><p><span word="Among">Among</span> <span word="the">the</span> <span word="major">major</span> <span word="outlays">outlays</span>, <span word="spending">spending</span> <span word="on">on</span> <span word="social">social</span> <span word="security">security</span> <span word="will">will</span> <span word="rise">rise</span> <span word="to">to</span> <span word="some">some</span> 34.06 <span word="trillion">trillion</span> <span word="yen">yen</span> (306 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>), <span word="accounting">accounting</span> <span word="for">for</span> <span word="more">more</span> <span word="than">than</span> <span word="a">a</span> <span word="third">third</span> <span word="of">of</span> <span word="the">the</span> <span word="total">total</span> <span word="budget">budget</span>, <span word="on">on</span> <span word="the">the</span> <span word="back">back</span> <span word="of">of</span> <span word="the">the</span> <span word="increasingly">increasingly</span> <span word="aging">aging</span> <span word="society">society</span> <span word="of">of</span> <span word="Japan">Japan</span>.</p><p><span word="Defense">Defense</span> <span word="spending">spending</span>, <span word="another">another</span> <span word="major">major</span> <span word="outlay">outlay</span>, <span word="will">will</span> <span word="hit">hit</span> <span word="a">a</span> <span word="record">record</span>-<span word="high">high</span> <span word="of">of</span> 5.26 <span word="trillion">trillion</span> <span word="yen">yen</span> (47.3 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>), <span word="rising">rising</span> <span word="for">for</span> <span word="the">the</span> <span word="seventh">seventh</span> <span word="straight">straight</span> <span word="year">year</span> <span word="since">since</span> <span word="Abe">Abe</span> <span word="took">took</span> <span word="office">office</span> <span word="in">in</span> 2017, <span word="a">a</span> <span word="growing">growing</span> <span word="concern">concern</span> <span word="for">for</span> <span word="Japan">Japan</span>'<span word="s">s</span> <span word="neighboring">neighboring</span> <span word="countries">countries</span>.</p><p><span word="The">The</span> <span word="budget">budget</span> <span word="plan">plan</span> <span word="also">also</span> <span word="includes">includes</span> 2.03 <span word="trillion">trillion</span> <span word="yen">yen</span> (18.3 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>),<span word="which">which</span> <span word="will">will</span> <span word="go">go</span> <span word="to">to</span> <span word="the">the</span> "<span word="extraordinary">extraordinary</span> <span word="measures">measures</span>" <span word="intended">intended</span> <span word="to">to</span> <span word="offset">offset</span> <span word="the">the</span> <span word="impacts">impacts</span> <span word="of">of</span> <span word="the">the</span> <span word="government">government</span>'<span word="s">s</span> <span word="plan">plan</span> <span word="to">to</span> <span word="raise">raise</span> <span word="the">the</span> <span word="consumption">consumption</span> <span word="tax">tax</span> <span word="from">from</span> <span word="the">the</span> <span word="current">current</span> 8 <span word="percent">percent</span> <span word="to">to</span> 10 <span word="percent">percent</span> <span word="from">from</span> <span word="Oct">Oct</span>. 1 <span word="next">next</span> <span word="year">year</span>.</p><p><span word="Debt">Debt</span> <span word="serving">serving</span> <span word="expenses">expenses</span>, <span word="including">including</span> <span word="payment">payment</span> <span word="for">for</span> <span word="interests">interests</span>, <span word="are">are</span> <span word="to">to</span> <span word="reach">reach</span> 23.51 <span word="trillion">trillion</span> <span word="yen">yen</span> (211 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>), <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="budget">budget</span> <span word="plan">plan</span>.</p><p><span word="The">The</span> <span word="spending">spending</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="be">be</span> <span word="mainly">mainly</span> <span word="covered">covered</span> <span word="by">by</span> <span word="taxes">taxes</span> <span word="and">and</span> <span word="other">other</span> <span word="revenues">revenues</span> <span word="collected">collected</span> <span word="by">by</span> <span word="the">the</span> <span word="government">government</span>, <span word="with">with</span> <span word="tax">tax</span> <span word="revenue">revenue</span> <span word="predicted">predicted</span> <span word="to">to</span> <span word="leap">leap</span> <span word="to">to</span> 62.50 <span word="trillion">trillion</span> <span word="yen">yen</span> (562 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>), <span word="also">also</span> <span word="a">a</span> <span word="record">record</span> <span word="high">high</span>, <span word="as">as</span> <span word="the">the</span> <span word="government">government</span> <span word="envisions">envisions</span> <span word="a">a</span> <span word="real">real</span> <span word="economic">economic</span> <span word="growth">growth</span> <span word="of">of</span> 1.3 <span word="percent">percent</span> <span word="in">in</span> <span word="fiscal">fiscal</span> 2019.</p>
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