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FY2018 Initial Budget and FY2017 Supplementary Budget Proposals

The Ministry of Economy, Trade and Industry

  • METI aims to leverage stimulus policies to promote a private-sector productivity revolution.
  • METI's FY2018 initial draft budget amounts to approximately 1.3 trillion yen (11.8 billion US dollars).
  • Following Cabinet approval of the draft budget, the Diet will begin deliberations.

1. Investment to Promote Connected Industries

FY2018 Initial Draft Budget: 6.7 billion yen (61 million US dollars)
FY2017 Supplementary Draft Budget: 2.1 billion yen (19 million US dollars)

FY2018 Initial Draft Budget: 5 billion yen (45 million US dollars)

FY2018 Initial Draft Budget: 61.4 billion yen (558 million US dollars)
FY2017 Supplementary Draft Budget: 10.1 billion yen (918 million US dollars)

FY2018 Initial Draft Budget: 4.2 billion yen (38 million US dollars)

2. Encourage SMEs and microbusinesses to achieve a productivity revolution

FY2017 Supplementary Draft Budget: 100.0 billion yen (9 billion US dollars)

FY2017 Supplementary Draft Budget: 50.0 billion yen (455 million US dollars)

FY2018 Initial Draft Budget: 6.9 billion yen (63 million US dollars)
FY2017 Supplementary Draft Budget: 5 billion yen (45 million US dollars)

3. Measures to Promote Energy Policy Goals

FY2018 Initial Draft Budget: 299.9 billion yen (2.7 billion US dollars)
FY2017 Supplementary Draft Budget: 7.0 billion yen (64 million US dollars)

FY2018 Initial Draft Budget 265.3 billion yen (2.4 billion US dollars)
FY2017 Supplementary Draft Budget Draft: 18.0 billion yen (164 million US dollars)

METI FY2018 Initial Budget Request (Chart)

 

FY2018
Initial Budget Request

FY2017
Initial Budget

General Account (excl. energy resources special account)

345.5

342.0

 

SME support

111.0

111.6

Science and technology promotion

105.4

101.0

Other expenses

129.1

129.3

Energy Resources Special Account

779.8

807.4

 

Energy supply and demand

596.6

621.0

Power source development

177.0

179.5

Nuclear damage compensation support

6.1

6.9

Special Account for Patents

155.2

147.2

Total

1,280.5

1,296.6