Japanese 10,000 yen banknote. Photo: AFP/TTXVN
Japan's tax revenue in fiscal 2025 (ending March 2026) is expected to reach nearly 81 trillion yen (more than $500 billion), setting a new record for the sixth consecutive year.
The main growth driver came from recent wage hikes that boosted income tax collections, along with rising consumption tax revenue amid high inflation.
The figures also reflect the Japanese government 's plan to end fuel tax surcharges in December, a move aimed at easing the financial burden on households.
With tax revenues expected to rise, Japanese authorities have said they will use the proceeds to partially fund economic measures. The Japanese government is expected to finalize a supplementary budget on November 28 to finance an economic stimulus package worth more than 21 trillion yen.
The package aims to tackle rising living costs and boost investment in key industries.
But the prospect of massive government spending has triggered a sell-off in the yen and government bonds, with investors worried that Japan’s fiscal health – already the most precarious among advanced economies, with public debt double the size of its GDP – could deteriorate further.
In an effort to allay market concerns, Prime Minister Takaichi stressed the importance of "spending wisely" under the banner of "proactive and responsible public finance".
Source: https://vtv.vn/nguon-thu-thue-cua-nhat-ban-du-bao-lap-ky-luc-100251127155426863.htm
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