Ministerial Committee on the Formulation of the Budget of Fiscal 2010
Tuesday, September 29, 2009
Photograph of the Prime Minister holding a meeting of the Ministerial Committee on the Formulation of the Budget of Fiscal 2010
Photograph of a meeting of the Ministerial Committee on the Formulation of the Budget of Fiscal 2010
At the meeting, ministers approved the Policies for the Formulation of the Budget of Fiscal 2010. Accordingly, it was decided that the budget be formulated by the end of this year based on the following four policies: (i) to abolish the Guidelines for FY2010 Budget Requests; (ii) to make requests that take into account the Manifesto including the Agreement for a Three-Party Coalition Government (hereinafter referred to as the Manifesto) by October 15; (iii) to reformulate all the budgets and create new fiscal resources in order to implement new measures in accordance with the Manifesto, and to secure the confidence of the government bond market by maintaining fiscal discipline; and (iv) to have ministers strictly review the priority of projects underpinned by the existing budgets from a zero-based approach and proactively pursue a reduced budget when making requests, if possible. The ministers also agreed that they would implement major items in the schedule in the Manifesto by eliminating waste and unnecessary, non-urgent projects.
The Cabinet approved the Policies in its extraordinary meeting, which was held after the meeting.
Information
- Mar 16, 2010 Japan-Timor-Leste Summit Meeting
- Mar 16, 2010 Meeting of the Roundtable on a New Form of Public Sector
- Mar 15, 2010 Ministerial Council on Monthly Economic Report and Other Relative Issues
- Mar 13, 2010 The Prime Minister Visits Nara Prefecture
- Mar 11, 2010 Meeting of the Government Revitalization Unit