Tokyo, May 19 (Jiji Press)–Japanese Finance Minister Taro Aso said Tuesday his ministry will postpone the deadline for accepting fiscal 2021 budget requests from ministries and agencies from the end of August to the end of September amid the outbreak of the new coronavirus.
The ministry decided on the move as ministry personnel are busy compiling a second supplementary budget for fiscal 2020, which started in April, to finance additional countermeasures against the coronavirus.
“We need to reduce the burdens of many people concerned as much as possible,” Aso told a press conference.
On gross domestic product’s contraction for the second straight quarter in January-March due to the impact from the coronavirus crisis, Aso said the data reflected the severe economic conditions.
GDP data for April-June “will surely be severe” as well, he said.
Separately, Economic and Fiscal Policy Minister Yasutoshi Nishimura said the government plans to delay the compilation of its annual economic and fiscal policy guidelines from June to mid-July.
Nishimura suggested that the guidelines will reflect the government’s policy of balancing its countermeasures against the coronavirus crisis with economic revitalization.