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ECONOMY

Budget request for public works exceeds 6 trillion for the 3rd consecutive year

  • August 30, 2016
  • , Asahi , p. 7
  • JMH Translation

The Ministry of Land, Infrastructure, Transportation and Tourism (MLIT) officially announced on Monday that it will include in the initial FY 2017 budget request about 6.0183 trillion yen (a 16% increase over FY2016) for public works expenditures. It is the third consecutive year that the ministry’s budget request exceeds 6 trillion yen.

 

The ministry’s total budget request for FY2017 is 6.6654 trillion yen. It includes 543.7 billion yen for projects ensuring the movement of people and things when disaster strikes, such as anti-earthquake reinforcement of roads, as well as 461.2 billion yen to fund the maintenance of aging infrastructure.

 

In order to accommodate the Abe administration’s initiative to increase visitors to 40 million by 2020, the tourism-related budget request was increased. Also, the ministry will ask for 45 billion yen for establishing a maritime security system in face of the Chinese military ship intrusions into Japan’s waters around the Senkaku Islands. The budget will fund improvements for patrol boats and aircraft. 

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