21:39 ET<\/span><\/span><\/p>\nThe Japanese government has announced a 4 trillion yen ($48.9bn; \u00a329.6bn) emergency budget for disaster relief, after March’s earthquake and tsunami.<\/p>\n
The budget is expected to be submitted to parliament later this month, and could be implemented in May.<\/p>\n
Authorities say no new bonds were issued to fund the spending, to prevent adding to Japan’s huge public debt.<\/p>\n
The government estimates it will cost as much as 25tn yen to rebuild the country.<\/p>\n
The emergency budget is aimed at disaster relief, including providing temporary housing, restoration of infrastructure and disaster-related loans.<\/p>\n
The 11 March earthquake left more than 27,000 people dead or missing.<\/p>\n
It also destroyed infrastructure in the north-eastern part of Japan and triggered a nuclear disaster.<\/p>\n
Prime Minister Naoto Kan has said this could be the first of several extra budgets needed to fund reconstruction.<\/p>\n
Financing<\/span><\/p>\nThe budget will be financed by taking 2.5tn yen from pension funds, as well as money set aside to increase payments to families with children.<\/p>\n
Money from emergency reserves is also being used.<\/p>\n
The Ministry of Finance said on Friday that it would issue an extra 2tn yen in government bonds to increase loans to businesses affected by the disaster.<\/p>\n<\/div>\n
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