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Japan government eyes new budget-balancing goal around mid-2020s: sources

Reuters  |  TOKYO 

TOKYO (Reuters) - Japan's government is considering setting a new balanced budget target for around the mid-2020s after pushing back the original, sources with knowledge of the matter told Reuters on Thursday.A final decision has yet to be made due to disagreements over how much social welfare should be curbed and concerns that spending cuts could derail the country's economic recovery, according to the sources, who spoke on condition of anonymity as they are not authorised to speak to media.The government's original goal was to achieve a surplus in fiscal 2020. But Prime Minister Shinzo Abe ...

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First Published: Thu, April 12 2018. 10:18 IST