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Japan Cabinet OKs budget, hiking defense spending

Tokyo (AP) - the Japanese cabinet on Tuesday by a hit a record high of 92.6 trillion yen ($1.02 trillion) general budget in the next financial year, for the first time in 11 years will increase defense spending, and improve the public project.
4.75 trillion yen ($5.25 billion) defense spending Suggestions, year-on-year growth of 0.8%, from last year, section is designed to strengthen Japan's coastal and ocean surveillance mainland China and Taiwan also claim that around.
Prime minister Shinzo Abe (Shinzo Abe) have promised to do everything possible to keep its economy out of recession and recovery sustainable growth, through the strong stimulus spending and loose monetary policy.
Including the supplementary budget to help cover the cost, by March 31,, the government's spending plan through in March 2014, the government's chief cabinet secretary, LiangYingXin better told reporters.
"I think this is a simplified budget, Mr Abe's goal," said good faith. "We prepare budget plan, sense of urgency, have a day wasted."
The budget also requires parliamentary approval, is expected to the end of February.
, a firm nationalist shinzo Abe on stage in his liberal Democratic Party won a landslide victory last month, but also to the position of the firm, the China in the east China sea uninhabited island dispute. The dispute erupted, the leadership of the Democratic Party of Japan's former government last year.
A defense planned budget approval, more troops, ship and aircraft foundation disputed islands nearby.
"Our country is faced with an increasingly active China and surrounding areas of the ocean and the sky in China, including the territorial sea invasion and airspace violations. We must give the full consideration of" province says, in the outline of the budget proposals.
In addition to this challenge, Japan has a large and rising public debt, the rapid population ageing society welfare cost surge.
Nearly half of the budget, in fiscal year 2013, from April 1, money will be through the new government bonds. Japan will spend nearly a quarter of the maintenance of their national debt, has inflation to two times more economic scale.
Social security spending will increase by 10% to 29.12 trillion yen ($32.2 billion).
The government fiscal 2011 to 2015 yen (us $27.6 billion m) of the reconstruction of the special fund is special from March 2011 earthquake and tsunami disaster, destroy the Japan northeast coast, and bring the chernobyl nuclear accident the worst since.
Public construction spending will increase by 15.6% to 530 trillion yen ($5.86 billion). During the election campaign, shinzo Abe, rates of national aging system, roads and tunnels and other public construction spending commitment.
Critics say the liberal Democrats depends heavily on construction costs, in order to reward in the past supporters and fuel growth, but the formula may be beyond its use.
In promoting sustainable growth more than twenty years of economic stagnation and the success of the emerging countries, shinzo Abe said, still depends on the tax and government reform and other policies, in order to restore the country's competitiveness lag.



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