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Japanese government to announce $798 billion budget

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8 years ago

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Tokyo: A record-high budget of some 96.7 trillion yen ($798 billion) is set to be announced by the Japanese government for the next fiscal year.

The budget was compiled to cope with the nation’s dire demographic circumstances and related welfare costs, as per sources as saying on Saturday.

The government also eyes record revenue from taxes.

The draft budget is likely to jump to 96.7 trillion yen, from initial estimates of around 96.3 trillion yen, as costs associated with social welfare swell, as the population here continues to rapidly age and shrink, sources said.

They also said the record budget had taken into account rising military costs following Prime Minister Shinzo Abe recasting the military and the necessity to recruit and train more personnel and update hardware as Japan could be drawn into conflicts overseas, despite the public’s unwavering opposition.

The new budget is expected to be approved by the cabinet on Thursday before it is sent to parliament for ratification in January 2016.

The government is, in part, planning to raise the capital to fund the record new budget through the issuance of new debt to the tune of a relatively low 34 trillion yen, but is eyeing freeing up tax revenue at a 25-year high of 57.6 trillion yen ($475.25 billion) in fiscal 2016, from increasing corporate profits amid an embryonic economic recovery.

According to initial estimates, around 32 trillion yen will be allocated from the budget to deal with the nation’s swelling social security costs, with defence spending likely to top 5 trillion yen.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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