Japan PM Abe: Want to hit budget target by revitalising economy

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Reuters TOKYO
Last Updated : Aug 03 2017 | 6:43 PM IST

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Thursday he will stick to the government's goal of turning the country's budget balance to a surplus by fiscal 2020, but wants to do so by revitalising the economy.

"We will maintain the target but want to achieve economic growth, so that tax revenues will increase," Abe said in an interview with public broadcaster NHK.

"It won't make sense if the economy falters ... as a result of spending cuts aimed at achieving the budget-balance target," he said.

(Reporting by Leika Kihara; Editing by Chris Gallagher)

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First Published: Aug 03 2017 | 6:20 PM IST

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