Japan will issue 10.82 trillion yen (100 billion dollars) in additional government bonds this fiscal year to finance a supplementary budget designed to carry out its record stimulus package, Finance Minister Kaoru Yosano said on Tuesday.
Of the 10.82 trillion yen additional bond issuance, 7.33 trillion yen will be in construction bonds and the rest in deficit- covering bonds, Yosano said.
The government is planning to submit the 13.93 trillion yen extra budget to the Diet next Monday, according to the Finance Minister.
It is the largest ever single extra budget, about twice the size of the previous record package worth about 7.6 trillion yen adopted in 1998.
Japan's general account for fiscal 2009 will total a record 102. 5 trillion yen, if this extra budget is approved in the Diet.
Meanwhile, the accumulated fiscal spending to fund the new stimulus package will be 15.4 trillion yen. (1 U.S. dollar is equivalent to 98 yen).