TOKYO — The Japanese government adopted a record draft budget of 114.38 trillion yen (865 billion U.S. dollars) for fiscal year 2023 (April 2023-March 2024) on Friday, with defense spending hitting a record high and social security costs on a rise.
The figure approved by the cabinet marked a rise of 6.3 percent from the initial budget for the current year. The draft budget will be submitted to the ordinary Diet
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