Japan projects primary budget surplus in fiscal 2026, delayed by a year

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TOKYO : Japan's ambition to deliver a primary budget surplus for the first time in decades is going to be pushed back a year, a government estimate showed on Friday, as pressures for more spending weigh on the state budget this year.

As it grapples with the industrial world's worst public debt at more than double the size of its economy, Japan faces the urgent task of fixing its tattered public finances.

The government plans to discuss whether to set up a new target and to incorporate the outcome of the debate in this year's economic and fiscal policy guidelines to be released around June.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Primary Fiscal Japan Policy Year Costs Government Budget Faces Economic Surplus

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 18:06:35 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25217361

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