Loading...
Market
Story
Japan's PM Ishiba to Approve Record 115 Trillion Yen Budget for Fiscal 2025, Allocating 3,328 Billion Yen to Semiconductors
Dec 25, 2024, 01:13 AM
Japan's government, led by Prime Minister Ishiba, is set to approve a record-breaking fiscal 2025 budget on December 27, with the general account total expected to reach over 115 trillion yen, the highest ever. This budget includes approximately 3,328 billion yen allocated for supporting next-generation semiconductors, with a focus on aiding Rapidus Corp., a company aiming to start mass production of advanced semiconductors by 2027. The allocation for semiconductors is part of a broader economic strategy announced in November, which plans to provide over 10 trillion yen in public support to the semiconductor and AI industries over seven years. The budget's size reflects an increase in social security costs and anticipates the highest tax revenue on record, while also considering a rise in debt servicing costs due to an assumed interest rate of 2%.
View original story
Similar markets
Education • 25%
Healthcare • 25%
Defense • 25%
Infrastructure • 25%
Inflation control • 25%
Disaster recovery • 25%
Energy subsidies • 25%
Other • 25%
Tax revenues • 25%
Foreign investments • 25%
New bonds • 25%
Other domestic sources • 25%
Increased spending on healthcare • 25%
Increased spending on education • 25%
Increased spending on social policy • 25%
Increased spending on national economy • 25%
Decrease • 25%
Remain the same • 25%
Increase but less than 3% of GDP • 25%
Increase to 3% of GDP • 25%
Increase by less than 5% • 25%
Increase by more than 10% • 25%
No Increase • 25%
Increase by 5-10% • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Approved with major changes • 25%
Not approved • 25%
Approved with minor changes • 25%
Approved without changes • 25%
Healthcare • 25%
Education • 25%
Infrastructure • 25%
Defense • 25%
9.0 to 9.5 trillion yen • 25%
Less than 8.7 trillion yen • 25%
8.7 to 9.0 trillion yen • 25%
More than 9.5 trillion yen • 25%
Education • 25%
Agriculture • 25%
Infrastructure • 25%
Healthcare • 25%
New Bond Issuance • 25%
Increased Tax Revenue • 25%
Foreign Loans • 25%
Other • 25%