Some officials of Prime Minister Sanae Takaichi¡¯s administration have floated the idea of compiling a second supplementary budget for fiscal 2026 in response to extensive damage caused by a massive earthquake that hit Kumamoto Prefecture Tuesday last week.
The focus is on the decision of the prime minister, who prioritizes the regular budget and calls for an end to the government¡¯s reliance on supplementary budgets.
With the funding source for the planned consumption tax cut on food from next April still unclear, moving forward with additional fiscal spending could undermine market confidence, analysts said.
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