Minister Noda Yoshihiko says the Fiscal 2012 draft budget represents a good
package combining financial reconstructive measures with economic growth,
calling it 'a budget of the first year of Japan's revival'. Despite his pride, it
constitutes an appropriation to favor Big Business in real term, a budget to
benefit the conservative. The ruling Democratic Party of Japan (DPJ) has taken
a completely opposite policy line, which is characterized by 'priority from
human beings backing to concrete buildings', which contradicts the party's
pledge to insist on a change from politics of the long ruling Liberal
Democratic Party, a platform 'priority from concrete buildings to human
TO FAVOR CONSERVATIVES AND BIG BUSINESS
proposed budget amounts Yen90.3339 trillion in terms of general account, added
by special accounts of the disaster rehabilitation efforts required by the
earthquake-hit region of Tohoku, which counts Yen3.8 trillion, and another for
subsidizing government bonds to fill the shortage of pension payment, a half of
the basic fund of which is incurred by the state, which counts Yen2.6 trillion
Yen. The budget total is the biggest ever, reaching approximately 96 trillion
of Yen. The government bonds for pension payment means 'a hidden debt' to be
repaid, for instance, by the consumption tax which is to be surged in a few
years. The arrangement will cause problems in the future.
for Public Construction and Military
DPJ is returning to the real, conservative politics. One of the phenomena is an
allotment of 5.6 billion Yen for construction of the controversial dam at
Yamba, Gunma Prefecture, northwest of Tokyo. The DPJ had insisted to cancel the
project, but recently it made a decision to revive the frozen project. Another
is resumption of the road construction project which will surround Tokyo
metropolitan district as well as a new construction plan of three super-express
Shinkansen railway service lines (Hokkaido, Hokuriku and Kyushu). In terms of
the public construction works the total budget reaches approximately Yen5.3
trillion, a hike by 6.6%, compared with the figure of last Fiscal, if is
included the special account of reconstruction projects for the disaster-hit region.
the military field, Yen60 billion was allotted to purchase four units of F35
aircraft to be deployed as the next fighter and training equipment for the jets.
Relevant budgets, including a fund to be applied to the earthquake-stricken
areas, count over Yen4.8 trillion, a surge by 1.1% in comparison with that of
last fiscal. As for F35 fighters, the government plans to possess in total 42
units, which costs at least Yen1.6 trillion. The total sum will be imposed on
taxpayers in the coming years.
let's look at pensions. As for the basic pensions, a benefit for recipient will
decrease by 0.3% from coming April on the ground that prices in general go
down. Another reduction by 0.9% is scheduled to be made from coming October as
part of discrepancies found in the previous years due to declined prices.
Care Allowance' will be reviewed, too, for reduction. In terms of budget size
of social services, the total counts approximately Yen29 trillion, a very
slight growth by 0.4% in comparison with that of last year.
for Nuclear Power and Space Industries
harshly criticized about the nuclear industry last year, which results in the compilation
for the program of fast breeder reactor Monju. The total is limited to Yen17.5
billion to pay for maintenance costs and closure of its public service office.
The total sum of Yen340.5 billion, a slight decline, is allocated to the
ministries of education and science & technology and of economy, industry
these circumstances we, the New Socialist Party, are determined to continue
fighting against the Noda government which keeps depending on nuclear power. It
wants to waste over 10 trillion Yen on the nuclear fuel cycle program. The
policy must be abolished immediately.
Noda has expanded the budget scale of Special Package to Revive Japan, which is
in jurisdiction of the premier, to Yen1.578 trillion, which was originally
estimated as 700 billion Yen. He is particularly interested in establishing the
Japanese-version GPS (ground positioning system), clinging to the project to develop
quasi-zenith satellite system. The budget sum is 10.6 billion Yen, including
the special account of 4.1 billion Yen. Another special allocation was made,
amounting 4 billion Yen for programs to develop intelligence satellites. These decisions
indicate that the government is eager to commit in the space projects in the
economic and military terms.
Half of Revenue is of Debts
issued government bonds occupy 49% of the revenue for the general account,
which reaches Yen44.244 trillion. The figure exceeds that of tax revenue, which
is Yen42.346 trillion. For consecutive three years the government bonds
surpasses the tax revenue amount in the budget. The balance of accumulated
total of issued bonds will reach approximately Yen709 trillion as of the end of
2012 Fiscal. The total of state's debts, including loans, exceeds 1,000
trillion of Yen.
government, financial circle and mass media claim that the consumption tax must
be heightened to break through the financial crisis. Looking into the revenue sources
in the general account, the consumption tax is estimated to bring an increase
by 224 billion Yen, while the corporate tax, only 1 billion as of the end of
Fiscal 2011, after calculating supplementary budget arrangements. It is because
that the corporate tax rate was cut from 30% down to 25.5%.
through establishing a new type of government which would rely on the
constitution to guarantee people's life, social services will be improved and financial
deadlocks will be settled in the drastic way.
January 17, 2012