March 29, 2024
News

North Korea to decrease national defense proportion this year

Portion of defense expenditure tends to decrease, aiming at 15.8 percent this year

North Korea unveiled its state budget at the 9th plenary meeting of the 13th Presidium of the Supreme People’s Assembly (SPA) on Wednesday, revealing a slight decrease in the share of the budget devoted to defense costs.

The Korea Central News Agency (KCNA) reported on Thursday that North Korea spent 15.9 percent of its budget on national defense last year, with 47.5 percent devoted to the economy and 36.6 percent for education, healthcare, sports and arts.

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