As the next Lower House election is expected to take place in the near future, proposals are gaining momentum among political parties to inject large amounts of government money for public works projects.
The government and political parties must prioritize public works projects from the viewpoint of preventing or minimizing damage from future massive disasters. They must take utmost care not to waste limited funds.
The tripartite agreement among the Democratic Party of Japan, the Liberal Democratic Party and Komeito that led to the enactment of a law to increase the consumption tax rate from fiscal 2014 includes a supplementary provision that focuses on providing funds for economic growth as well as for the prevention and lessening of damage from disasters, since flexible treatment in the fiscal front has become possible.
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