Japan’s Prime Minister Fumio Kishida has unveiled a record stimulus package worth approximately JPY 55.7 trillion aiming to boost growth and help the economic recovery. Around JPY 31.9 trillion will need to be funded by an extra budget to be submitted to parliament this year and the government plans to use some reserves for emergency pandemic spending and left-over money from previous stimulus to fund part of it. The new spending plan includes handouts of JPY 100,000 in cash and vouchers for children aged 18 or younger; JPY 2 trillion to struggling families and students; JPY 2.5 million to to small companies; and JPY 22.1 trillion increase hospital beds and medical supplies. The spending plan is expected to boost the economy by around 5.6%. source: Cabinet Office, Japan

Government Spending in Japan averaged 81570.78 JPY Billion from 1980 until 2021, reaching an all time high of 117548.90 JPY Billion in the third quarter of 2021 and a record low of 43597.40 JPY Billion in the first quarter of 1980. This page provides - Japan Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Government Spending - values, historical data and charts - was last updated on December of 2021.

Government Spending in Japan is expected to be 115000.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Government Spending is projected to trend around 140000.00 JPY Billion in 2022 and 160000.00 JPY Billion in 2023, according to our econometric models.

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Japan Government Spending

Related Last Previous Unit Reference
Government Budget Value -188878.00 -13977.00 JPY HML Jun/21
Government Spending 117548.90 116216.70 JPY Billion Sep/21
Japan Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.