On the 22nd, the government will decide on the "Children's Future Strategy," which includes the expansion of child allowances. From the next fiscal year onward, we intend to implement the strategy in stages while securing financial resources, which will lead to a reversal of the trend of declining birthrate.
The government's "Children's Future Strategy" states that the income limit on child allowance will be abolished, the eligibility for payment will be expanded to 18 years of age, and the monthly allowance will be increased to 3,3 yen after the third child, and will continue until the year in which the first child reaches the age of 1.
It also specifies measures to expand financial support, such as virtually waiving university tuition for households with three or more dependent children.
In addition, in order to create an environment that makes it easier to raise children, the plan includes an increase in the rate of childcare leave benefits for both parents who take childcare leave for 22 days or more, with a maximum of 3 days, effectively increasing the take-home income to 14%.
On the other hand, with regard to the annual budget in the mid-28 trillion yen range, which is expected to be newly necessary for a series of measures in the future, the government plans to secure stable financial resources by fiscal 10 through reform of social security expenditures and a "support fund system" that collects a wide range of funds from the public and companies, while partially covering the issue of government bonds for the time being.
From the next fiscal year onward, the government intends to implement the strategy in stages while securing financial resources, which will lead to a reversal of the trend of declining birthrate.