Daily Management Review

Japan’s 2016 Budget Makes A Record Amount Approved


The coming year’s budget for Japan, earmarks extra spending quota for defence and social security.

The Japanese Cabinet Budget for 2016 has made a new record of “$800bn”. There is an extra spending quota under “defence and social security” categories, whereby forming the “key features of the 2016 fiscal programme”.
The Japanese Prime Minister, Shinzo Abe, wants to create a “bigger international profile” of Japan. The increment in the defence spending will “rise 1.5% to 5.05 trln yen”, whereby marking “the fourth successive annual increase”.
On the other hand, the rose in the spending allotment in social security will hit a record 31.97trln yen”, whereby increasing by “1.4%”. the said sector will focus on developing “child care and nursing services for the elderly”.
Moreover, Digital Outlook informs:
“International aid spending will rise by 1.8% to 551.9bn yen. In a bid to lure more tourists to the country, the Japan Tourist Bureau's budget has been doubled to 20bn yen.
“Tax revenue is expected to climb to a 25-year high of 57.60trln yen, based on a forecast GDP rise of 1.7%.”
On the 4th of January 2016, the draft version of the budget, will be “presented to the Japanese parliament, or Diet”, whereby the aim will remain to implement the same by the end of the financial year in the month of March 2016.


Science & Technology

A City Is Can Be Converted To A Living Organism, Showcases China’s Huawei

Workers Would Be Helped To Lift More By These Robotic Vests

British Parliament to assess impact of e-cigarettes

Wind energy will provide 30% of Europe's needs by 2030

A Major Platform For Artificial Intelligence Is Its Mobile Devices: Apple

Rumor: Apple will release a budget version of iPhoneX

With China Set To Dominate, 1 Billion Could Be Using 5G By 2023

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

Diamonds are now the new gold

Expert Body Says Driving In A Driverless Car In An Inebriated Condition Or On Drugs Should Be Legalized

World Politics

World & Politics

Japan demands to lift embargo on food from Fukushima

Bernard Arnault clarifies on Le Monde’s “Paradise Paper” report

South Korea and the U.S. present a united front against the North Korean leadership

Europe is preparing an alternative to NATO

Ten smartest cities in the world

Parties of Germany seek a common ground to create a coalition

Special counsel Robert Mueller’s Russian probe could see its first arrest today

Losing Steam Is North Korea’s Relationship With China – The Former’s Sole Ally