An Overview of Fiscal and Public Debt Dynamics
Provisional
Translation
Issues for fiscal management in Japan
National Security
Defense buildup program for FY2023-2027 sets the level of defense force development
expenses at around 43 trillion yen (1.6 times the amount in the previous program for FY2019-
2023)
The revenue will be secured for maintaining stable defense capabilities.
Green Transformation (GX)
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GX Economy Transition Bonds will be established to provide upfront investment support in the
amount of 20 trillion yen over the next 10 years.
The GX Economy Transition Bonds are going to be redeemed by future fiscal resources through
embodying the vision of Pro-Growth Carbon Pricing.
FY2023 budget includes 0.5 trillion yen, in addition to 1.1 trillion yen in FY2022 supplementary
budget.
Policies related to children
Based on "Policy on Future Strategy for Children", the Government will fundamentally
strengthen its policies. Promote "Acceleration Plan for Child and Childrearing Support"
without requiring the people to bear any substantial additional burden.
The budget for "Acceleration Plan for Child and Childrearing Support" is currently estimated
to be approximately 3 trillion yen.
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