Prime Minister Kishida: Funding for measures to address the declining birthrate "Without considering a new tax burden, including consumption tax"

With regard to financial resources to intensively strengthen measures to address the declining birthrate over the next three years, Prime Minister Kishida stated that he was not considering a new tax burden and that he would consider a new framework for society as a whole, taking into account the opinions of the ruling parties, with an eye to adding to social insurance premiums.

At the government's Children's Future Strategy Conference held on May 22, discussions were held on financial resources to intensively strengthen measures to address the declining birthrate over the next three years.

At the meeting, Prime Minister Kishida stated, "As a major premise, we are not considering a new tax burden, including the consumption tax, to secure fiscal resources."

He then stated, "All participants in the social economy, including companies, will widely support child-rearing households in solidarity and from an equal standpoint," and expressed his intention to consider a new framework for society as a whole to support each other, taking into account the opinions of the ruling parties, bearing in mind the addition of social insurance premiums.

In addition, he stated that he would minimize the substantial burden on the public through thorough expenditure reforms to secure fiscal resources, and to ensure the economy and fiscal base through sustained wage increases.

On the other hand, he also indicated his intention to swiftly implement urgent initiatives ahead of schedule without waiting for stable financial resources to be secured.

At the next meeting, the government plans to present a draft of the "Children's Future Strategy Policy," which includes specific measures and financial resources.

Minister of Economic Revitalization, Prime Minister's Statement: "'Acceleration Plan' to be Focused on in the Future"

Minister for Economic Revitalization Goto said at a press conference, "The scope of Prime Minister Kishida's statement that he is not considering a new tax burden, including the consumption tax in order to secure fiscal resources, can be said to be an 'acceleration plan' that will be intensively tackled over the next three years.