Wednesday, June 1, 2011

Japan spends on infrastructure rehabilitation, $ 50 billion

The Japanese government will spend 4.15 trillion yen (about $ 50 billion) to overcome the consequences of the disastrous earthquake in March. This is the agency Prime-Tass Thursday, April 21, citing Japanese media. These funds will be used to collect debris, restoration of roads, ports and other infrastructure, strengthening schools, supporting small and medium-sized businesses. The project is the provision of financial assistance will soon be submitted to parliament for approval. Funds is expected to seek, without resorting to issuing new government bonds, not to increase the national debt. Its value, as the agency, already twice the size of the gross domestic product of Japan. Funding for disaster management is supposed to ensure, in particular, by borrowing from the pension fund, reducing assistance to developing countries, out of part of children's allowances. Recall that in the earthquake and tsunami that occurred in Japan on March 11, killing nearly 14,000 people. The same number of unaccounted for.

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