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POLITICS

Record low Fiscal Investment and Loan Program budget for FY2016

  • 2015-12-22 15:00:00
  • , Nikkei
  • Translation

(Nikkei: December 22, 2015 – p. 5)

 

 The Finance Ministry plans to keep allocations for the Fiscal Investment and Loan Program (Zaito), which provides funding for projects that are difficult for the private sector to finance, at the 13 trillion yen level in FY2016. This represents a scale down of the initial proposed budget for three years in a row and will be lower than the 13.9 trillion yen in FY2008, which was the lowest in history.

 

 While Zaito funding for infrastructure exports will increase, loans for small and mid-size enterprises suffering from liquidity problems in the aftermath of the Great East Japan Earthquake and so forth will be reduced in light of the gradual recovery of the economy.

 

 This will be included in the draft FY2016 budget to be approved by the cabinet on Dec. 24. (Abridged)

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