Japan Launched this Tuesday His own version of the saw plan With the aim of eliminating waste of public money and reviewing unnecessary external support and tax benefits.
Project The streak of cuts in government spending continues Driven, for example, by Javier Miley in Argentina And by the controversial US Department of Government Efficiency (DOGE). USALed by Elon Musk until his public break with President Donald Trump.
“The public is very interested in eliminating waste and reviewing projects. It would be very useful to gather as many opinions as possible on what is considered waste, what subsidies are extraneous, and what tax breaks are considered unnecessary,” the agency said in a press conference. Japanese Finance Minister Satsuki Katayamawho leads the new office to review special financial measures and subsidies.
The project will be his A team of about 30 people That analyzes ineffective government programs, reports the public channel NHK.
The creation of this party was one of the conditions for the Japan Innovation Party (Isshin) to sign a coalition agreement with the LDP in October, which allowed current President Sanae Takaishi to take over as prime minister.
The authority’s recommendations will be incorporated into the fiscal year 2027 budget, which will begin in April 2027.
This announcement comes in parallel with Approval of the new stimulus package At 21.3 trillion yen ($135.5 billion) to address rising costs of living, it is Takaishi’s first major economic policy and has raised concerns about the financial health of Japan, the most indebted country among major economies.
To finance the package, the Japanese executive is planning to prepare Supplementary budget of 17.7 trillion yen ($112.5 billion) For the current fiscal year, which will end at the end of March 2026, which would be the largest amount of its kind since the coronavirus pandemic.
The controversial US DOGE was created with the aim of cutting public spending in the US, and was headed by billionaire Musk until he left office after a series of disagreements with President Trump’s tax plan.
The name of the body, which has been diluted and its work merged with other government agencies with eight months remaining until its term expires, actually comes from a “meme” that uses the face of a Japanese Shiba Inu dog, which was chosen as the image for the cryptocurrency “Dogecoin,” which Musk championed.