Cabinet OKs belt-tightening budget framework for FY 2003

TOKYO, Japan - Prime Minister Junichiro Koizumi (C), Finance Minister Masajuro Shiokawa (R) and Land, Infrastructure and Transport Minister Chikage Ogi (L) prepare to attend a cabinet meeting at the premier's office in Tokyo on Aug. 7. The cabinet approved a belt-tightening fiscal 2003 budget request framework that includes a 3% cut in public works spending and a 2% decrease in discretionary outlays, such as foreign aid.

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