PRIME MINISTER JUNICHIRO KOIZUMI'S CABINET ON MONDAY APPROVED A BUDGET...

World | December 24, 2001, Monday // 00:00

Prime Minister Junichiro Koizumi's cabinet on Monday approved a budget plan for the next fiscal year aimed at tightening Japan's drooping fiscal belt, despite calls already emerging for extra spending to rescue the economy. The government's draft budget for fiscal 2002/03 starting April 1 will total 81.23 trillion yen ($630 billion) -- a 1.7 percent cut from this year's initial budget as Koizumi seeks to curb Japan's ballooning public debt mountain, which is already the biggest in the industrial world.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria