Fiscal Investment and Loan Program (FILP) of Japan
Fiscal Investment and Loan Program (FILP) of Japan
The Fiscal Investment and Loan Program (FILP), also known as the “Second Budget,” is a significant component of Japan’s fiscal policy. It’s a government-managed fund operating alongside the general account budget, aiming to address specific policy objectives by channeling public funds towards priority sectors. Unlike the general account, which is financed through taxes, FILP primarily relies on postal savings, pension funds, and government-guaranteed bonds.
Fiscal Investment And Loan Program Japan