The government plans to submit a draft extra budget exceeding 3 trillion yen on June 3 to bolster reserves amid Middle East tensions.
The draft extra budget for fiscal 2026 will be submitted on June 3. It totals over 3 trillion yen.
The measure focuses on increasing reserve funds. This comes in response to tensions in the Middle East.
The announcement was made on May 27.
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South Korea's government, ruling Democratic Party and presidential office agreed on a 25 trillion-won supplementary budget to address the Middle East crisis. The bill is set for submission to the National Assembly by end-March and passage on April 10. It aims to ease high oil prices and economic uncertainties.
Japan's House of Representatives passed the fiscal 2026 budget proposal on March 14, supported by the ruling Liberal Democratic Party and Japan Innovation Party's majority, sending it to the House of Councillors. The budget totals a record 122.3 trillion yen, drawing criticism from opposition parties over the short deliberation time. The ruling coalition aims for passage by the fiscal year-end despite uncertainties in the upper house.
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The Japanese government approved an 8.56 trillion yen stopgap budget on March 27 to fund operations for the first 11 days of fiscal 2026 starting April 1, due to stalled upper house deliberations on the main 122.31 trillion yen budget passed by the lower house earlier this month. This is the first such provisional measure in 11 years, backed by ruling and main opposition parties, and expected to pass parliament on March 30.
The Autonomous Fiscal Rule Committee reported that central government total and primary spending through April 2026 reached 7.5% and 6% of GDP respectively.
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The National Bank of Ethiopia has released its foreign exchange auction schedule for June 2026, allocating a total of USD 200 million.