$100T Yen: Largest Annual Budget Ever for Japan, the World Most-Indebted Nation

via Bloomberg:

  • Planned debt issuance falls for seventh straight year
  • Government also preparing extra budget for current year

 

Japan’s budget for the fiscal year starting in April 2019 will top 100 trillion yen ($890 billion) for the first time, highlighting the government’s struggle to curb spending in the developed world’s most indebted nation.

The budget will increase 3.8 percent to about 101.5 trillion yen, according to a draft budget document obtained by Bloomberg News. Almost a third of that spending will be paid for with debt issuance, although the amount of bonds issued will decline for a seventh straight year.

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