You are here

Japan Aso: To front-load FY2016 public works spending to spur growth

Tuesday, April 5, 2016 - 08:41

taroaso05042016.jpg
Japanese Finance Minister Taro Aso said on Tuesday the government would front-load budget spending including for public works for the current fiscal year from April.

[TOKYO] Japanese Finance Minister Taro Aso said on Tuesday the government would front-load budget spending including for public works for the current fiscal year from April.

Aso made the announcement following an instruction from Prime Minister Shinzo Abe last week to bring forward the budget spending as much as possible to stimulate the flagging economy.

The announcement confirmed a Reuters report on Monday that the government aimed to sign contracts for 80 percent of public works spending allocated under the annual budget during the first half of the year.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom