Japan’s new budget includes a jump in social security spending.
Photo: Richard A. Brooks / AFP
Source: AFP
Japan’s government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the population ages, and defence to tackle regional threats.
The 115.5 trillion yen ($730 billion) budget for the year from April 2025, greenlighted by the Cabinet, includes 8.7 trillion yen in defence spending.
It also includes social security spending of…
>
