Japan to Give Full Child Allowances in FY 2011: Hatoyama

Tokyo, Feb. 15 (Jiji Press)--The Japanese government will provide
full monthly child allowances starting in fiscal 2011 in line with a pledge
by the ruling Democratic Party of Japan, Prime Minister Yukio Hatoyama said
Monday.

The government will distribute the full amount as planned and it
will scrape together enough funds to finance the program by eliminating
wasteful spending, Hatoyama told reporters.
As a signature promise in its platform for last year's House of
Representatives election, the DPJ has pledged to dole out a monthly
allowance of 26,000 yen for each child of up to junior high school age. The
program will start in fiscal 2010, with payments of half the amount.
Hatoyama also said that he does not want to finance the child
allowance program by issuing government bonds but by weeding out wasteful
spending.
The remarks came a day after the prime minister said that he
basically plans to fund the program with money secured in the process of
trimming profligate expenditures.

Attachments:
untitled-[2] 1.8 k [ text/html ] Download | View
Delete & Prev | Delete & Next
Mov