National Debt, Budget Surplus and Deficit in Japan

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,”

screen-shot-2017-01-08-at-7-52-41-pm

resources:

www.tradingeconomics.com/japan/government-budget

www.japantimes.co.jp/tag/budget-deficit/

https://www.bloomberg.com/…/japan-unveils-record-budget-even-as-abe

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