No. 1431 Supplementary Budget Draft for Fiscal 2025
Prime Minister Takaichi Sanae emphasized ‘fostering a robust economy’ and ‘proactive public finances’ in her policy speech after the inauguration. Then she made a cabinet decision on the draft of supplementary budget for the fiscal 2025 as well as comprehensive economic measures. Her idea is based on rigid nationalism in which all elements on people’s lives, economy and military issues are linked to ‘national security’.
WE ARE AGAINST MILITARY BUILDUP! CRITICAL IS TO REDUCE CONSUMPTION TAX RATE!
Ignoring consumption tax decreasing
Concerning the draft supplementary budget in the general account for the fiscal 2025, the money is merged into the comprehensive economic measures, which counts in total 18 trillion 303.4 billion yen.
The biggest item lies in ‘security over people’s lives and measures to tackle price rising’, to which allocated is 8 trillion and 904.1 billion yen; under the program in total 529.6 billion yen is appropriated to help payments of electricity and gas to be made during January and March next year, 367.7 billion yen for granting child benefit to respond to price hikes, which is 20 thousand yen per child, and 400 billion yen is to be spent as special additional subsidies to municipalities to cope with food price surge.
The measures, however, look like temporary solutions to the high cost of living, not paying careful attention to those whose incomes are low and medium levels. A reduction in the consumption tax rate, the biggest focal point, was completely left aside from the scheme.
GDP 2% for military expenditure to be implemented earlier
In the draft budget text, 275.1 billion yen is appropriated for constructing a new military base of the Self Defense Forces (SDF) in Mage-jima Island, off the coast of Tanegashima Island, for its runways and infrastructure to moor boats, marking in total 847.2 billion, including additional facilities. If relevant expenses are calculated, the outlay counts, roughly, 1 trillion and 100 billion yen.
The original defense and its related expenditure counted about 9 trillion and 900 billion yen, and therefore, the total military outflow for the fiscal 2025 surges to, approximately, 11 trillion yen. Thus, the government will have accomplished its mission to spend up to 2% of GNP (on the basis of the fiscal 2022) two years earlier.
Behind the budgetary developments there lie pressures from President Trump of the United States to bolster military spending and the domestic desires to foster own armed capabilities.
We, the New Socialist Party, fight against the military expansion and war together with broader strata of people in the country.
Government’s initiative to invest, preparing for crises
The main pillar of the draft of supplementary budget lies in the policy of ‘strong economy’ to ‘control crises’ and ‘invest for economic growth’ at the same time. The government has decided to spend 189.5 billion yen on R&D and encouragement of AI, and 120 billion yen for creating a fund to revive shipbuilding industry, totaling 6 trillion and 433 billion yen, if related expenses are added.
The Takaichi government sets a policy to encourage AI as an axis of the national strategy, especially interested in assisting the company, Rapidus Corporation, in the production of next-generation semiconductors in the context of national initiative. It is to invest in the company with the sum of 100 billion yen in the fiscal 2025. Furthermore, the government is planned to invest about 1 trillion yen in the business entity during the fiscals 2026 and 2027 as well.
We must not forget a fact the government has enacted the Critical Information Protection Law on Economic Security, and that people may be detained and imposed fines, being accused of leaking grave information.
High interest rate and Cheap Yen – they are warnings
Revenue for the supplementary budget comes from additional, new government bonds, which accounts 11 trillion and 696 billion yen and occupies 60% of the potential financial sources. In the market scene cautions are seen, which are a surge in the long-term interest rate and cheap Yen. The long-term interest rate for 10-year financing is almost 2%. Cheap Yen encourages price rising, which will cancel the government’s intention, ‘stability in a life’.
We starkly oppose the military buildup and national security policy, demanding reduction in the consumption tax rate to guarantee people’s lives. We request the government to revise the supplementary budget draft in a substantial way.
高市早苗首相は就任後、「強い経済」と「積極財政」を掲げ、総合経済対策と25年度補正予算案を閣議決定。そこには生活、経済、軍事の全てを「安全保障」に結びつける偏狭な国家主義がある。
消費税減税を素通り
25年度一般会計補正案は、総合経済対策の一環で、総額18兆３０３４億円。
最大の柱は「生活の安全保障・物価高への対応」で８兆９０４１億円を計上。来年１～３月の電気代・ガス代補助として５２９６億円、物価高対応での子ども１人２万円の手当支給で３６７７億円、食料品高騰での自治体への特別加算４千億円などが並ぶ。
しかし、一時しのぎの物価高対策が多く、中・低所得層への支援が足りない。肝心の消費税減税は全く無視された。
防衛費２％を前倒し
補正案の防衛費は、種子島沖の馬毛島での自衛隊新基地建設（滑走路や係留施設整備等）に２７５１億円など、計８４７２億円を計上。関連費を含めた総額は約1兆１千億円に。
当初予算の防衛費と関連費は約９兆９千億円で、25年度の当初と補正の総額は約11兆円となる。これにより政府は、防衛費ＧＤＰ比２％（22年度基準）を２年前倒しで実現する。
背景には負担増を求めるトランプ米大統領の圧力、さらに日本側の自前の軍事力増強路線がある。
私たちには、軍拡阻止と戦争反対の広範な闘いが必要だ。
危機管理型成長投資
補正案の大きな柱が、「危機管理」と「成長投資」を合わせた「強い経済」の実現。ＡＩの研究開発や活用の推進に１８９５億円、造船業の再生・強化の基金創設に１２００億円を拠出など、計６兆４３３０億円を盛り込んだ。
高市政権はＡＩ推進を国家戦略の要と位置づけ、とりわけ次世代半導体生産で「ラピダス」を国策企業として育てる。25年度中にラピダスへの１千億円の出資を決定。さらに26～年度に約１兆円を追加投資する。
私たちは「重要経済安保情報保護法」が作られ、重要情報漏えい者へ拘禁・罰金が科されることを忘れてはならない。
金利高と円安が警告
補正予算の歳入は新規国債11兆６９６０億円を追加発行し、財源の６割超を賄う。市場はこれに長期金利上昇と円安で警告。10年長期金利の利回りは２％に迫る。円安は物価上昇を一層促進し、補正案の言う「暮らしの安定」は帳消しに。
私たちは、軍拡・安保路線に反対し、消費税減税と生活保障を求め、予算案の大幅修正を求める。
英訳版↓
No. 1431 Supplementary Budget Draft for Fiscal 2025
Prime Minister Takaichi Sanae emphasized ‘fostering a robust economy’ and ‘proactive public finances’ in her policy speech after the inauguration. Then she made a cabinet decision on the draft of supplementary budget for the fiscal 2025 as well as comprehensive economic measures. Her idea is based on rigid nationalism in which all elements on people’s lives, economy and military issues are linked to ‘national security’.
WE ARE AGAINST MILITARY BUILDUP! CRITICAL IS TO REDUCE CONSUMPTION TAX RATE!
Ignoring consumption tax decreasing
Concerning the draft supplementary budget in the general account for the fiscal 2025, the money is merged into the comprehensive economic measures, which counts in total 18 trillion 303.4 billion yen.
The biggest item lies in ‘security over people’s lives and measures to tackle price rising’, to which allocated is 8 trillion and 904.1 billion yen; under the program in total 529.6 billion yen is appropriated to help payments of electricity and gas to be made during January and March next year, 367.7 billion yen for granting child benefit to respond to price hikes, which is 20 thousand yen per child, and 400 billion yen is to be spent as special additional subsidies to municipalities to cope with food price surge.
The measures, however, look like temporary solutions to the high cost of living, not paying careful attention to those whose incomes are low and medium levels. A reduction in the consumption tax rate, the biggest focal point, was completely left aside from the scheme.
GDP 2% for military expenditure to be implemented earlier
In the draft budget text, 275.1 billion yen is appropriated for constructing a new military base of the Self Defense Forces (SDF) in Mage-jima Island, off the coast of Tanegashima Island, for its runways and infrastructure to moor boats, marking in total 847.2 billion, including additional facilities. If relevant expenses are calculated, the outlay counts, roughly, 1 trillion and 100 billion yen.
The original defense and its related expenditure counted about 9 trillion and 900 billion yen, and therefore, the total military outflow for the fiscal 2025 surges to, approximately, 11 trillion yen. Thus, the government will have accomplished its mission to spend up to 2% of GNP (on the basis of the fiscal 2022) two years earlier.
Behind the budgetary developments there lie pressures from President Trump of the United States to bolster military spending and the domestic desires to foster own armed capabilities.
We, the New Socialist Party, fight against the military expansion and war together with broader strata of people in the country.
Government’s initiative to invest, preparing for crises
The main pillar of the draft of supplementary budget lies in the policy of ‘strong economy’ to ‘control crises’ and ‘invest for economic growth’ at the same time. The government has decided to spend 189.5 billion yen on R&D and encouragement of AI, and 120 billion yen for creating a fund to revive shipbuilding industry, totaling 6 trillion and 433 billion yen, if related expenses are added.
The Takaichi government sets a policy to encourage AI as an axis of the national strategy, especially interested in assisting the company, Rapidus Corporation, in the production of next-generation semiconductors in the context of national initiative. It is to invest in the company with the sum of 100 billion yen in the fiscal 2025. Furthermore, the government is planned to invest about 1 trillion yen in the business entity during the fiscals 2026 and 2027 as well.
We must not forget a fact the government has enacted the Critical Information Protection Law on Economic Security, and that people may be detained and imposed fines, being accused of leaking grave information.
High interest rate and Cheap Yen – they are warnings
Revenue for the supplementary budget comes from additional, new government bonds, which accounts 11 trillion and 696 billion yen and occupies 60% of the potential financial sources. In the market scene cautions are seen, which are a surge in the long-term interest rate and cheap Yen. The long-term interest rate for 10-year financing is almost 2%. Cheap Yen encourages price rising, which will cancel the government’s intention, ‘stability in a life’.
We starkly oppose the military buildup and national security policy, demanding reduction in the consumption tax rate to guarantee people’s lives. We request the government to revise the supplementary budget draft in a substantial way.
December 17, 2025