Hatoyama freezes Y2.93 tril from FY 2009 extra budget
Friday 16th October, 10:36 AM JST
Prime Minister Yukio Hatoyama’s cabinet on Friday endorsed the suspension of steps worth 2.93 trillion yen allocated for the 14.7 trillion yen extra budget for fiscal 2009, crafted by the previous government, identifying the money as wasteful spending, a cabinet minister said. The figure fell below the 3-trillion-yen target set by Hatoyama’s Democratic Party of Japan, which took power in August’s House of Representatives election with pledges to cut waste and put more cash into people’s hands.
All the government offices reviewed a total of 600 programs in the extra budget for the current fiscal year through March 2010, according to administrative minister Yoshito Sengoku. Hatoyama’s government plans to redirect the 2,925.9 billion yen to fund its key policies, such as monthly allowances for families with children, which will require a total of 7.1 trillion yen in the next fiscal year starting in April 2010.