Japan's government is in the final stages of assembling a stimulus package worth 21.3 trillion yen ($135.38 billion) to help households cope with persistent inflation, a draft seen by Reuters showed, in what would be the largest stimulus since the COVID pandemic.
The package will include general account outlays of 17.7 trillion yen, far exceeding the previous year's 13.9 trillion yen. It will also include 2.7 trillion yen in tax cuts.It will be funded by an expected rise in overall tax revenue, as well as an additional issuance of government bonds, though the size of the issue has still to be finalised.
Wait...govts can spend money they don't have to juice the economy so they get higher tax receipts which will cover the initial cost of the spending?!?!