Some 40,000 cyclists taking part in Moscow cycle paradeSociety & Culture May 28, 18:33
Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
Putin congratulates Border Guards on their professional holidayMilitary & Defense May 28, 10:57
Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
TOKYO, January 14. /TASS/. The Japanese government approved on Wednesday a record $818 billion state budget for the 2015 fiscal year which runs from April 1 to March 31, a 0.4% increase compared with last year.
Japanese Prime Minister Shinzo Abe told a press conference the budget will help achieve the key goal of restoring the country’s economy and rehabilitating the financial system.
Defense spending will hit a record $41.7 billion rising for a third straight year, amid a long-running maritime dispute with China.
Tokyo has already announced plans to purchase 20 maritime patrol aircraft, five crossover aircraft, and six stealth fighters.
Abe said social spending is expected to rise to $263 billion. The government also expects a 10% increase in tax proceeds to a maximum level over the past two decades - $463.2 billion.
According to the country’s Finance Ministry, by March 2015 Japan’s national debt is expected to hit $12 trillion.
The cabinet will later submit the budget to the parliament.