Japan economic and fiscal minister KIUCHI said the FY2027 budget request should
be compared with the combined scale of FY2026’s initial budget and FY2025’s
supplementary budget, reflecting Prime Minister Kishida’s aim to reduce reliance
on supplementary bills. Local media reported initial budget requests for the
fiscal year starting next April could total about ¥143 tln (~$896bn); this
compares with the current fiscal year’s initial requests of ~¥122 tln and last
year’s supplementary of ¥18.3 tln, a combined ~¥140.6 tln. KIUCHI said next
year’s budget should appropriately reflect inflation and wage rises, enhance
growth potential and support expansion of nominal GDP. He added it is too early
to say what the final total will be; the government will finalise the budget
around year-end after the finance ministry reviews department submissions.
