TOKYO, Jan 25 (NNN-NHK) – A supplementary budget worth 4.47 trillion yen (40.77 billion U.S. dollars), for fiscal 2019, earmarked in part, to underpin reconstruction efforts in Japan, after a series of natural disasters, is likely to be approved by parliament next week, lawmakers were quoted as saying.
The extra budget, which includes 2.31 trillion yen (21.07 billion U.S. dollars), allocated for ongoing reconstruction efforts, in the wake of Typhoon Hagibis, the most powerful typhoon to hit Japan in Oct, along with other natural disasters, will be deliberated from Monday, and is set to be approved on Thursday.
Small- and mid-sized enterprises (SMEs) will also be catered to, through the extra spending plan, which has set aside 384.7 billion yen (3.51 billion U.S. dollars), in a bid to increase performance, as well as spending.
Public elementary and junior high schools, meanwhile, will also be provided with financial support, from the supplementary budget, to the tune of 231.8 billion yen (2.11 billion U.S. dollars), to help enhance education in IT and communications areas, by fiscal 2023, according to the budget’s outline.
