Japan PM Ishiba's government cuts FY25/26 Budget plan to JPY 115.2tln, cut by by 343.7bn yen
- also will reduce new government bond issuance to 28.6tln yen
- revised budget will include higher household subsidies to ensure free school education
- will include a higher threshold for tax-free income (will in a drop in tax revenue worth 621 billion yen)
- higher spending and reduced tax revenue will be filled by a reserve fund and other funds that have not been utilized
