$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.

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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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