Top What's up around the Prime Minister August, 2004 | |||
Prime Minister Meets with Representatives of the Six Regional Organizations
Prime Minister Koizumi had requested the six regional organizations to compile a reform proposal on state subsidies as part of the reform packages of three issues which reviews the taxation and fiscal policies of the government and the regions. The reform proposal submitted included the reduction of state subsidies by 3.2 trillion yen over the next two years until FY2006, and transfer of tax revenue sources of around 3 trillion yen from the government to the regions as a measure to enhance the independence of the regions. In receiving this reform proposal, Prime Minister Koizumi expressed his intention to establish a consultative organization with members from the government and the local governments.
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