Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: cpt :: TDS :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS
 
 
« Budget Extravaganza »
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017
 What’s the big deal if budget presented on Feb 1, which law violated? SC asks PIL petitioner
 What aam aadmi wants from Budget 2017
 Have you availed these new home loan tax benefits of Budget 2016?
 The budget should cut corporate tax rates drastically
 What India wants in this Budget: Jobs and more jobs and focus on farm sector
 Budget 2017: Here are a few areas where FM Jaitley can give you tax breaks
 New structure and substance to define this Budget

Japan approves $157 bn budget for quake rebuilding
November, 21st 2011

Japan's parliament passed a $157 billion extra budget on Monday including the issuance of new bonds to pay for the bulk of rebuilding from the March earthquake.

Policymakers hope the spending will also help sustain the economy's recovery as the yen's rise, a global slowdown and contagion from the euro zone debt crisis cloud the outlook.

The 12.1 trillion yen ($157 billion) budget earmarks 9.2 trillion yen for reconstruction spending, including 500 billion yen for subsidies to encourage firms hit by the yen's strength not to move factories and jobs outside Japan.

With public debt twice the size of Japan's $5 trillion economy, the government faces a balancing act to pay for the nation's biggest reconstruction effort since the years following World War Two without choking a fragile economic recovery.

Total spending of 19 trillion yen is planned over the next five years to rebuild northeast coastal areas devastated by the March 11 disaster, including 6 trillion yen already approved by parliament in two earlier extra budgets for the year to March.

From the third extra budget approved on Monday, the government plans to spend 245 billion yen on removing and disposing of soil contaminated by radiation leaks from the Fukushima Daiichi nuclear plant, whose reactors went into meltdown after the magnitude 9.0 quake and subsequent tsunami wrecked their cooling systems.

The extra budget will also enable the government to give a 15 trillion yen boost to its war chest for market intervention to curb the yen, with the borrowing limit to finance such intervention raised by changes in regulations on the state budget.

The bulk of the third extra budget will be funded by reconstruction bonds worth 11.55 trillion yen, to be repaid over 25 years through tax hikes.

The tax plan is stipulated by funding bills that are expected to be passed by parliament early next month. The government aims to raise 10.5 trillion yen mainly by generating 7.5 trillion yen over 25 years from income tax and 2.4 trillion yen over three years from corporate tax.

Analysts expect the spending to push up economic growth by around 1 per cent in the fiscal year from next April, and the government estimates it will boost GDP by around 1.7 per cent with much of the effects trickling down through public spending.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions