LDP will likely have a 2.5% cut in its subsidies from the government

The Liberal Democratic Party is seen incurring a 2.5% reduction in state subsidies to political parties for 2024 following its rout in Sunday’s general election, a Jiji Press estimate has found.
The LDP’s subsidies are expected to total ¥15.65 billion ($102 million) for the year, after the number of the party’s seats in the House of Representatives, the lower chamber of parliament, fell to 191 from 256 in the election.
In the estimate, Yasutoshi Nishimura, Koichi Hagiuda and Katsuei Hirasawa are treated as independents after the LDP banned them from running as its candidates for their involvement in a high-profile money scandal at the party.
Among the opposition parties that boosted their Lower House seats, the Constitutional Democratic Party of Japan will enjoy a 3.2% increase to ¥7.05 billion, and the Democratic Party for the People a 12.8% rise to ¥1.26 billion.
The total amount of subsidies to all national parties for 2024 is ¥31.4 billion, paid in four installments.
The internal affairs ministry had determined how to allocate the money based mainly on each party’s lawmaker count as of Jan. 1.
The ministry will review the allocations following the election.
With three of the four installments already over, the final payment will be made in December based on the new allocations.
The 2024 subsidies will fall 0.9% to ¥3.36 billion for Nippon Ishin no Kai, 1.5% to ¥2.86 billion for Komeito and 0.2% to ¥287 million for the Social Democratic Party.
Reiwa Shinsengumi will mark a 7.6% rise to ¥677 million, and Sanseito a 28.9% jump to ¥243 million.
The Conservative Party of Japan, which met the requirements for national party status for the first time in the election, is expected to receive ¥28 million.
The Japanese Communist Party opposes the subsidy system and does not apply for the money.