Liberal Democratic Party member of the House of Representatives, Nobuaki Sato, took over as chairman during a joint question-and-answer session of the House of Representatives' Financial Reporting Committee, attended by Prime Minister Fumio Kishida and all cabinet minister, and argued that while presenting data supporting the contribution of construction investment to economic growth, he emphasized the need to promote national recovery measures in a timely manner. systematic, continuous and planned. Prime Minister Kishida praised the national recovery measures as "important in contributing to economic growth". “I want to continue working with the two countries to build a disaster-resilient nation and link increased investment (in national resilience) with economic growth,” he added. furthermore".
Rep. Sato pushed for measures to build national resilience by comparing the data with data showing that gross domestic product (GDP) excluding exports increased by about 22 trillion yen and National tax revenue has increased by about 23 trillion yen in the 10 years up to about the fiscal year. 2021. It is pointed out that the increase in construction investment follows a similar trend, driven by the private sector's redevelopment boom. He emphasized that ``we need to continue this trend (increased construction investment contributing to economic growth)" in the future.
In response, Prime Minister Kishida often evaluates GDP without including external demand when analyzing the state of domestic demand and at the same time denies that increasing consumption tax is the main factor in increasing national tax revenue, he said. says measures to strengthen the economy are important. He admitted that the current situation is helping to spur growth.
Rep. Sato also mentioned the upper limit on expected prices used in public procurement. Under the current system, where the expected price is estimated based on cost price and a bid cannot be won unless the price is lower, personnel and company costs must be cut, which goes against the goal of Kishida administration is to "eliminate tension". cost-cutting economics.” Then point it out. Noting that Japan is the only developed country to adopt such a system, he called for a review of global standards.
Although Prime Minister Kishida did not discuss the pros and cons of the system review, he expressed his intention to respond by setting appropriate projected prices that reflect raw material prices and costs. latest labor, and make appropriate contract changes using sliding clauses.
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