Japan is undergoing the greatest budgetary reform process since the end of World War II?with authorities trying to reduce the nation¡¯s?reliance on extra budgets to meet any unexpected spending needs, Finance Minister Satsuki Katayama said.
¡°As for budget system reform, this is clearly the biggest overhaul since the end of the war,¡± Katayama said at a news conference Tuesday. ¡°That¡¯s the level of commitment we¡¯re bringing to it.¡±
Scrapping extra budgets would be a major change to Japan¡¯s budgetary process given its annual reliance on them. Still, it remains unclear if the move would constitute postwar Japan¡¯s largest budget reform.
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