Sunday, December 24, 2000

At an extraordinary meeting, the Cabinet approved the government draft of the budget for fiscal 2001 (April 2001-March 2002). With general account spending of 82.65 trillion yen, the draft aims to place Japan firmly on a self-sustaining path to recovery while creating a new development base for the twenty-first century, improve both the efficiency and the quality of national finance, and reduce the issuance of government bonds.