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POLITICS

Major items included in 2020 supplementary budget

  • May 1, 2020
  • , Asahi , p. 1
  • JMH Translation

Major items included in the 2020 supplementary budget

(Total: 25.6914 trillion yen)

1

100,000 yen cash handouts to be distributed by local governments to all.

12.8803 trillion yen

2

Support for small and medium-sized firms through de facto interest-free loans from Japan Finance Corporation and private financial institutions.

3.8316 trillion yen

3

Special subsidies to sole proprietors (subsidy up to 1 million yen) and small and medium-sized firms (subsidy up to 2 million yen) whose revenue dropped. To start in May.

2.3176 trillion yen

4

Funds for promoting tourism and boosting consumption through “Go To” campaigns after the pandemic.

1.6794 trillion yen

5

Special subsidies for local governments to fund financial support given to businesses that cooperate in the request to close operations during the pandemic.

1 trillion yen

6

Support for learning during school closures by procuring personal computers for every elementary and junior high student who studies at home during the pandemic. Item to be frontloaded.

229.2 billion yen

7

Measures to maintain employment by raising the rate of subsidies for employment adjustments. This will also include leave allowances for part-timers who work less than 20 hours a week.

69.0 billion yen

8

Distribution of cloth masks (two per household)

23.3 billion yen

9

Others, including funds for reconstructing supply chains, developing [coronavrius] remedies, creating reserve funds, etc.

 

 

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