TOKYO (Reuters) – Japan’s government plans to spend about $33 billion on benefits for low-income families and an income tax cut as part of a package of measures to cushion the blow to families from the growing burden of living. The spending, recently estimated at about 5 trillion yen ($33. 37 billion), will be accompanied by a one-time general income tax cut of 30,000 yen per user and a residential tax cut of 10,000 yen. yen respectively, to be implemented in June 2024, according to a draft law. The spending plan, which will be officially unveiled through Prime Minister Fumio Kishida’s workplace on Nov. 2, also includes bills for low-income families. the officials said, confirming a report in the Nikkei newspaper consistent with.