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News Cryptic figures and stagnant projects: North Korea announces 2022 budget plansSupreme 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. The SPA also said local government payments to the state continued to be much lower than in 2016 and years prior, a year before the U.N. Security Council passed its strictest economic sanctions against North Korea. © Korea Risk Group. All rights reserved. |








