Thursday, September 11, 2008

Japanese Agencies File Second-Highest Budget Requests Ever

According to the Finance Ministry, government agencies have filed 89.14 trillion yen in requests for fiscal 2009. The request is the second highest in history. Agencies only requested more in 2004 when they requested 89.15 trillion. Included in the request is an all-time high of 22.44 trillion yen in debt services to cover interest payments on and redemption of government bonds.
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