Now for a look at stories making headlines around the world and we start in Japan.
Lawmakers there have passed a record budget bill with high social and military spending.
For more on this and other international news we turn to our Ro Aram….
Aram… give us a rundown on the budget…. and what can we expect going forward?
Well Semin… the budget bill totaling a record 926 billion U.S. dollars was passed by the
upper house of Japan's parliament on Wednesday.
The budget is for the new fiscal year which starts on Sunday and is focused heavily on
social security and military spending.
Outlays for social security will rise to an all-time high of 311 billion dollars, accounting
for a third of the budget plan.
The large welfare spending is to respond to Japan's aging population, which has made it
difficult for the debt-ridden nation to rein in social security expenditures, such as pensions
and medical costs.
Military spending has also been earmarked at a record high of 49 billion dollars, rising
every year since Abe took office in 2012.
Abe has cited threats from North Korea as a need to strengthen his country's military
and has repeatedly called for an amendment to Japan's pacifist Constitution.
Some of the military budget will be used to acquire U.S.-developed missile defense systems.
With the passage of the budget bills, attention is shifting to debate on a mid-year fiscal
reform plan, which will come around June.
That will likely be aimed at trying to rein in Japan's debt that currently stands as the
highest in the industrialized world, amounting to more than twice the size of the country's
economy.
Failure to curb spending has cast doubt on Abe's will to back fiscal reform.
He has already pushed back a fiscal 2020 budget-balancing goal, opting to raise spending on child welfare
and education instead.
For more infomation >> Hannity 3/28/18 | Fox News Today - Mar 28, 2018 - Duration: 45:25. 
For more infomation >> Mercedes Schlapp on sanctuary policies, Trump's border wall - Duration: 2:33. 
For more infomation >> Nunes reacts to IG investigation into potential FISA abuses - Duration: 9:51. 
For more infomation >> Laura Ingraham: Hollywood discovers America - Duration: 6:20. 
For more infomation >> The Ingraham Angle 03/28/18 10PM | March 28, 2018 Breaking News - Duration: 32:26. 
For more infomation >> 박진영 서윤정 이혼사유 위자료!! -Tistory Korea News - Duration: 4:57. 
Không có nhận xét nào:
Đăng nhận xét