Japan seen reaping record tax revenues in fiscal 2024, Reuters reports

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Japan seen reaping record tax revenues in fiscal 2024, Reuters reports

An editorial montage of the Japan flag and ********* yen cash bank notes.

Javier Ghersi | Moment | Getty Images

Japan will likely see tax revenues hit a fresh high for the fifth straight year in the current fiscal year ending in March 2025, four government sources told Reuters.

The government will tap the additional revenues to fund part of a 13.9 trillion yen ($91.7 billion) spending package aimed at cushioning the ***** to households from rising living costs.

It will also issue new government debt exceeding 6 trillion yen, the people said, declining to be identified because the information is not public.

Total nominal tax revenues for the current fiscal year, initially estimated at 69.6 trillion yen, will likely increase to around 73.4 trillion yen due to robust corporate profits and rising inflation, the sources said.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Japan #reaping #record #tax #revenues #fiscal #Reuters #reports

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up