Japan passes new record US$937 billion budget
March 21, 2014, 12:02 am TWN
TOKYO--Japan on Thursday passed its biggest-ever budget, a US$937 billion spending package aimed at propping up growth as consumers brace for the country's first sales tax rise for over 15 years.
A total of 136 lawmakers in the 242-member upper house, controlled by the ruling Liberal Democratic Party, voted for the package, against 102 opposition votes, a parliamentary spokesman said. Two lawmakers did not cast a vote, one seat is vacant and the house speaker only casts a ballot in a tie.