April 19, 2024
News

Cryptic figures and stagnant projects: North Korea announces 2022 budget plans

Supreme People’s Assembly maintains high defense spending levels while boosting pandemic budget

North Korea’s top legislative body once again allocated a high percentage of the national budget towards defense and raised its pandemic prevention spending by 33% for 2022, state media reported on Tuesday.

The spending decisions — which cover only the segments of the economy that the Cabinet manages — were made at a Supreme People’s Assembly (SPA) session held Sunday and Monday in Pyongyang.

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