News > Japan to unveil record $943 billion budget to ensure post-Covid recovery

Japan to unveil record $943 billion budget to ensure post-Covid recovery

Japan's government is set to unveil its largest annual budget on Friday with $943 billion in spending for the fiscal year beginning next April, further straining the industrial world's heaviest debt.

In a show of will to improve public finances, Kishida's government will likely trim new borrowing next fiscal year to 36.93 trillion yen from an initially planned 43.6 trillion yen for this year.