Japan's cabinet on Tuesday approved a two trillion yen ($24 billion) second special budget to finance relief and rebuilding after the March 11 earthquake and tsunami.
Already facing a mountain of public debt, the government will not issue fresh bonds to finance the supplementary budget to March 2012 but plans to instead divert funds left over from last year.
The budget sets aside 800 billion yen in reserve for reconstruction, and 275 billion yen to tackle the Fukushima nuclear crisis, including compensation for victims and health checks for local residents.
The crippled Fukushima Daiichi atomic plant has been spewing radiation since the massive quake and tsunami knocked out reactor cooling systems, forcing around 85,000 people to leave a 20-kilometre zone around the plant.
Prime minister Naoto Kan's cabinet plans to submit the budget to parliament on July 15 and aims to pass it by the end of the month.
Source : New Age
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