The Thirty-First Meeting of the Council on Economic and Fiscal Policy (CEFP) Tuesday, December 4, 2001 The 31st meeting of the Council on Economic and Fiscal Policy was held at the Prime Minister's Official Residence. At the meeting a proposal for the Guidelines for Formulation of the Fiscal 2002 Budget was put forward to Prime Minister Junichiro Koizumi. At the closing of the meeting, Prime Minister Koizumi stated that the guidelines proposed at today's meeting formed the foundation from which a "budget committed to reform" could be realized as part of the Koizumi Cabinet's drive to structural reform. The Prime Minister also stated that the Cabinet would promptly decide the guidelines as the basic policy of the government, and work would proceed on budget formulation based on it. The Guidelines were decided in an extraordinary Cabinet meeting held after the CEFP meeting.