The government said Monday it will set aside ¥4.2 trillion ($27 billion) as part of a special spending quota for priority policies in the budget year starting in April 2025, including promoting wage increases and combating high prices.
These measures also include strengthening the country’s defense capabilities, increasing the birth rate and expanding investments in carbon reduction and digital technologies.
Under the special quota, if government agencies reduce their discretionary spending by 10% from the previous year, they may request funding three times the reduction.
