The Daily Manila Shimbun


Debt-to-GDP ratio is new fiscal reform gauge

June 2, 2017

Tokyo- The Japanese government plans to place emphasis on its efforts for lowering the proportion of the country's outstanding public debts to its gross domestic product as an indicator for measuring its fiscal reconstruction efforts, informed sources said Thursday.
The government is set to include the policy in its basic economic and fiscal policy guidelines to be compiled shortly, the sources said.
A proportion of public debts to GDP can improve in line with economic growth.
The government will maintain its goal of achieving a primary surplus by fiscal 2020, the sources said. (Jiji Press)