(Bloomberg) -- Japan will unveil stimulus with an overall value of 73.6 trillion yen ($706 billion) as it looks to shore up its pandemic-hit economy, according to a final draft of the package obtained by Bloomberg.

The package will include around 40 trillion yen in fiscal measures. It will be partly financed by 19.2 trillion yen in spending from a third extra budget.

The measures come as Prime Minister Yoshihide Suga faces an increase in virus cases and a dip in support for his cabinet that are an early test of his leadership. As the economy threatens to dip back into negative territory, Suga is faced with the tough task of containing the virus while maintaining economic activity.

The breakdown for the 40 trillion yen of fiscal measures shows the following:

  • Around 5.9 trillion yen for virus containment measures
  • Around 18.4 trillion yen to support structural changes toward a post-corona economy
  • Around 5.6 trillion yen for disaster management, reduction measures
  • Around 5 trillion yen from fiscal year 2020’s reserve funds
  • 5 trillion yen from fiscal year 2021’s reserve funds
  • Including funding from special accounts, the extra budget spending on measures is worth 20.1 trillion yen

The latest measures are smaller in scale than the funding seen in two extra budgets so far this year. Those budgets added 58 trillion yen of additional spending equivalent to around 11.3% of the size of the economy.

In overall scale, the measures unveiled by Suga’s predecessor Shinzo Abe came to 234 trillion yen after including loans, investment and private sector initiatives.

Suga’s Liberal Democratic Party had called for a fresh package to help fill a 34 trillion yen shortfall of demand in the economy.

(Updates with background)

©2020 Bloomberg L.P.