Reflecting the deepening economic slump, the Tokyo Metropolitan Government's draft fiscal 2002 budget, revealed Thursday, marks a 4.8 percent decrease from the initial budget for the current fiscal year, coming to 5.907 trillion yen.

It is the first time in two years that the budget would fall below the 6 trillion yen mark.

General expenditures, which exclude bond repayments and subsidies for municipal authorities, stand at 4.376 trillion yen, down 2.4 percent from the current fiscal year.