Relevant:
- US Runs 4th Straight $1 Trillion-Plus Budget Gap; More Stimulus? You Already Got It; Welcome to Slow Growth
- Treasury will again borrow $1 trillion to pay for tax cuts, spending
- Japan PM unveils $266 bn stimulus plan to boost economy
- California governor offers new budget fix plan
- Treasury Committee: Record Deficit Forecast
2015-12-18 — reuters.com
The 3.3213 trillion yen ($27.14 billion) extra stimulus budget includes spending for steps to support elderly pensioners with cash benefits and farmers seen hit by the Trans-Pacific Partnership (TPP) trade deal, the sources said on condition of anonymity because the plan has not been finalised.
In a show of efforts to fix dire public finances, the government will fund the stimulus without resorting to fresh borrowing, while tapping cash reserves left from the previous year's budget and higher-than-expected tax revenue, they said.
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