Japan announces largest budget

The "extraordinary state" of the issuance of bonds over tax revenues still exists, but the total fiscal reform, including an increase in excise taxes, continues to postpone the "Caixin net" (intern male) at the December 24 interim cabinet meeting, in which the Japanese government passed the 2011 budget, spending a 110 billion trillion yen on the last year, Reached the highest 92.4 trillion yen.　　The new bond issue was 44.3 trillion yen, down from just 10 billion yen last year. According to the Japanese economic news, the underlying fiscal balance will remain low for the next year, with a deficit of 22.7 trillion yen, which would reduce the deficit by only 900 billion yen in 2010. The basic fiscal revenue and expenditure refers to the extent to which the Government can meet the expenditure demand, in addition to the income from the bond issue.　　This shows that the Japanese Government is unable to achieve early realization of the fiscal premise is regarded as a sound financial basis of the revenue surplus this goal. In the 2011 budget, the government expects revenue to be 41 trillion yen in fiscal year 2011, resulting in a budget deficit of up to 51 trillion yen. The Japanese government plans to release 44 trillion yen of national debt, while the excavation, including the balance of independent administrative bodies, such as 7 trillion yen size of the "buried gold" to supplement the insufficient part.　　In addition, spending on the budget this year amounts to 21.5 trillion trillion yen. Analysis of teachers ' morality in Tian Shoushin Comprehensive Research Institute in next year's budget to the new reporter analysis said that the government to reduce personal income tax deduction and other methods, from the more easily levied to obtain more revenue, at the same time, this year's budget is extremely dependent on "burial gold."　　So after next year, the government must seek a stable source of tax increases for consumption tax to raise the increasing social security fees. In order to get a good financial position, Naoto Kan issued a fiscal strategy of 2020 years to achieve the basic fiscal surplus after he took office in June this year. He said before the Senate election that he would consider increasing the excise tax from 5% to 10% to further ease the public debt problem. However, the move triggered a rebound in voters and the DPJ eventually suffered a fiasco.　　After that, Naoto Kan suspended the consumption tax on tax increase debate. According to the 2011 budget, the issuance of bonds will exceed tax revenue for two consecutive years, which is "unusual" and obvious. "This is not an unusual situation and we are turning it around as soon as possible," Kaieda, Financial, said on December 24. "