Japan's lower house approves 750 bln USD budget for fiscal 2024

TOKYO, March 2 (Xinhua) -- Japan's lower house of parliament on Saturday approved a 112.57 trillion yen (750 billion U.S. dollar) budget for fiscal year 2024, with record allocations made for social security costs and controversial defense spending.

The budget, although smaller than the record 114.38 trillion yen allocated for the current fiscal year to March, is still the second-largest, underscoring the urgenc