Over 4 trillion yen of public works budget unspent in FY 2020, 2021

Japan rolled over 4 trillion yen ($30 billion) year to year in unspent funds in the budget for public works projects in both fiscal 2020 and 2021, government data showed Tuesday, at a time when the country's debt is ballooning.The surplus is a result of spending not keeping up with the huge supplementary budget allocated for national resilience measures aimed at creating disaster-ready areas.The rollover amounts for the last two fiscal years through March 2022 have exceeded that of fiscal 2012, when a large budget was earmarked for reconstruction in the wake of the devastating 2011 earthqua…READ FULL ARTICLE