Daily Management Review

Japan’s 2016 Budget Makes A Record Amount Approved


12/31/2015


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.






References:
http://www.digitallook.com/
 







Science & Technology

Scientists Discover Largest Ever Under Water Volcanic Eruption Near New Zealand

Bitcoin craze increased load on the power grid to the maximum

PC And Server Performance Slows Down Due To Security Patches For Chip Flaws, Says Microsoft

Cybersecurity Firm Claims Cryptocurrency Monero Might Be Getting Funneled To North Korea University

The Way We Travel Will Be Changed by The Colorless, Odorless Gas - Hydrogen

EU's Big Change In Data Protection Rules Makes Businesses To Get Ready For It

Artificial Intelligence Helps NASA Find An 8th Planet In Orbit Of A Distant Star

Australian Research Success Could Mean Shatterproof Cell Phones Could Soon Be A Realityv

Top ten hi-tech events of the year

Tesla Considering Designing And Developing AI Chips On Its Own To Support Its Auto-Pilot Project

World Politics

World & Politics

Both The Korean Countries Will Come Together In Olympic Talks

Parties of Germany agreed on the migrants problem

Munich Re: Natural disasters caused record damage in 2017

High-Level Talks To Be Held Between North And South Korea In Over Two Years

Sexually Abusing Children Interests An Estimated 20,000 British Men, Shows Police Monitoring Of Chat Sites

2018 Could See An Increase In Terror Attacks Where Both ISIS As Al-Qaeda Continue To Present Threats

What will happen to European populism in 2018?

Events This Year In Asia Proves How Dangerous ‘Fake News’ Can Be