Cabinet OKs Budget; No Cuts in Defense
From Times Wire Reports
Prime Minister Yoshiro Mori’s Cabinet approved a national budget that trims overall spending for the first time in six years but boosts defense spending. The budget bill is expected to be sent to parliament in January and approved before the end of March, when the current fiscal year ends. It calls for $734 billion in total spending in the fiscal year starting in April, down 2.7% from the fiscal 2000 budget. Major cuts are planned in pension outlays and overseas development aid.
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