Published by: Hind Sayyah
1st December 2016
The national debt in Japan is recorded by the government for example taxes and other fesses. Government Budget deficit is equal to 6 percent of the country’s Gross Domestic Product in 2015. the budget deficit always occurs when the government is spending more money on the taxes.
Japanese Prime Minister Shinzo Abe’s said:
“I believe the budget will contribute to achieving economic revival and fiscal consolidation at the same time,” Abe told reporters.”
And he also said:
“This budget underlines slowness in fiscal consolidation and it highlights the risk of relying too much on growth to cover rising spending,”