05-February-2025
Economy News
 
Japan Likely to Miss Primary Budget Surplus Target for FY2025, Sources Say
15-Jan-2025

Japan is likely to miss achieving its goal of running a primary budget surplus by the next fiscal year, according to three sources with knowledge of fresh fiscal estimates, as the minority government faces increasing pressure for more spending. The new estimate, to be released this week, knocks the government's forecast made in July last year for delivering a primary budget surplus by the fiscal year starting in April. It would have marked the first surplus since the goal was introduced in early 2000s. The sources declined to be identified as the matter is still private.

News Source:- https://money.usnews.com/investing/news/articles/2025-01-14/japan-likely-to-miss-primary-budget-surplus-target-for-fy2025-sources-say