The budget of Japan, adopted by the parliament of the country, exceeded 100 trillion yen for the first time in country's history


Japan’s state budget for the fiscal year, which begins April 1, 2019 and ends March 31, 2020, for the first time in country's history exceeded 100 trillion yen. The Kyodo agency reported that the state budget was adopted by the Upper House of the Japanese Parliament at the level of 101 trillion 460 billion yen. Against the backdrop of the aging process of the Japanese population, social insurance spending will reach a record value of 34 trillion 600 billion yen. The budget also provides for a record defense spending in the amount of 5 trillion 260 billion yen. For the new fiscal year, the acquisition of the Aegis Ashore anti-missile systems is planned, as well as their placement in the north-west of the country because of tensions in the Korean Peninsula in 2017 due to ballistic missile tests of North Korea.

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