The Japanese government plans to allocate three trillion yen (about $21.5 billion) per year to fund measures aimed at increasing the birth rate in the country, starting in 2027, the newspaper reported. “Yomiuri”.
Approximately $10.7 billion of these funds will be used to provide economic support measures, including child benefits. $5.7 billion will be allocated to increase the accessibility of the education system. $5 billion is planned to be set aside to support working parents, including financing maternity leave.
It is envisaged that approximately 30% of the planned costs will be met by increasing the contributions for insurance payments. Also, in case of a shortage of funds, the Japanese government may begin issuing additional bonds.
Previously reported to be in Japan in 2022 born the minimum number of children at the time of observation. Japanese officials acknowledge that the drop in birth rates in the country is critical. A falling birth rate means that Japan will have fewer workforces and fewer taxpayers in the coming years.