Government decides to spend more than 670 billion in reserves to buy Corona Virus vaccines

Government to spend more than 670 billion in reserves to buy Corona Virus vaccine September 8 at 11:11 a.m.

At a cabinet meeting on August 8, the government decided to spend more than 670 billion yen on the preliminary expenses in this fiscal year’s supplementary budget to purchase a new coronavirus vaccine from an overseas pharmaceutical company.

In response to the spread of the new coronavirus, the government has posted 11.5 trillion yen in supplementary budgets for the current fiscal year as “preliminary expenses” that can be used without the approval of the Diet.

At a cabinet meeting on August 8, the Cabinet decided to spend 671.44 billion yen out of more than 10 trillion yen, which has not been decided how to use it, as the cost of purchasing vaccines from overseas pharmaceutical companies.

With the vaccine for the new coronavirus, the government has agreed with pharmaceutical companies in the United States and the United Kingdom to receive supplies if successful development, and is also negotiating with other American companies to receive supplies, aiming to start vaccinations in the first half of next year.

The government is considering spending spare money to strengthen the testing system in the winter, when the number of fever patients is expected to increase.