The Council on Economic and Fiscal Policy on Friday approved an outline of a planned 2.7 trillion yen supplementary budget for this business year, with 1 trillion yen earmarked for structural reform measures.
Under the extra budget plan submitted to the council by Finance Minister Masajuro Shiokawa, the government would allocate some 50 billion yen for antiterrorist measures in the wake of last month's terrorist attacks in the United States and to deal with the ongoing controversy over mad cow disease.
The supplementary budget is expected to be formally adopted by the Cabinet on Nov. 9 and submitted to the ongoing Diet session in the same month.