Today's News

There was a report on the fulfilment of the state budget for 2025 and on the state budget for 2026 deliberated on at the Budget Committee of the DPRK Supreme People's Assembly prior to the First Session of the 15th SPA.

According to the report, the state budget for 2025 was executed as planned through the struggle of all the people across the country to fulfil the five-year plan for national economic development.

The report said that the state budgetary revenue plan for 2025 was carried out at 105.1 percent, a 7.2 percent increase over the previous year, and continued:

Many industrial establishments in the economic sector carried out their plans for central budgetary revenue at 104.6 percent and those for regional budgetary revenue at 106.5 percent.

In last year's state budget, funds equivalent to 103.7 percent as compared with 2024 were spent for further accelerating the comprehensive development of our state.

The defence sector was provided with funds equivalent to 15.7 percent of the total state budgetary expenditure before other sectors so that it could contribute to guaranteeing security and defence of the country and protecting its interests.

In 2025, the capital investment increased to 101.1 percent as against the previous year, making a contribution to overfulfilling the five-year plan for capital city construction and pushing ahead with the building of the regional development policy projects, the first-stage construction project of the Tanchon Power Station, the first-stage renovation and modernization project of the Ryongsong Machine Complex and other construction projects of the state.

Funds equivalent to 13.1 percent of the state budgetary expenditure were allotted for the work of the national economy for metallurgical, chemical, electric power, machine-building and other key industrial sectors and major economic sectors.

Funds that increased to 109.3 percent as against the previous year were spent for the development of science and technology.

Funds equivalent to 101.7 percent as against the previous year were allotted for the agricultural work and 38.9 percent of total state budgetary expenditure went to the fields of public health, art and literature and sports, while funds needed for improving the educational work were provided on a preferential basis.

Last year, too, funds were allotted for the anti-epidemic work in order to increase the ability to rapidly respond to various worldwide infectious diseases.

The successful fulfilment of the state budget for 2025 is the result of the boundless patriotic devotion of all the people.

It is necessary to provide a reliable financial guarantee for the work and production activities of all sectors and units in order to successfully carry out the first-year tasks of the new five-year plan set forth by the Ninth Congress of the Workers' Party of Korea, the report said, and went on:

The state budget for 2026 has been planned to promote the development of all sectors and units including science, education, public health and art and literature and contribute to the improvement of the people's standard of living while concentrating its investment on the building of the greater force capable of repelling all sorts of military threats for defending the sovereignty and security of the country and on the successful attainment of the production targets for this year in the overall national economy.

The state budgetary revenue for this year is expected to grow by 0.5 percent over last year, with the turnover tax, a major item of the budgetary revenue, increasing by 0.3 percent and the income from state enterprises by 0.1 percent, which will account for 84.4 percent of the total revenue.

The profits of cooperative organizations are expected to be 101.8 percent, depreciation 102.7 percent, real estate rent 102.5 percent, premium for social insurance 102.4 percent, income from property sale and price fluctuation 102.8 percent, income from money collection 102 percent, other income 104.3 percent and income from special economic zones 101.4 percent, as compared with last year.

The central budgetary revenue is expected to account for 72.2 percent of the state budgetary revenue, with the revenue from the central economy accounting for an overwhelming proportion, and provincial, city and county people's committees are to pay some funds in the national budget for the scientific research in the agricultural sector, medical care and others.

The state budgetary expenditure for this year is expected to increase by 5.8 percent over last year.

This year, funds equivalent to 15.8 percent of the total state budgetary expenditure will be spent on national defence, contributing to the steady expansion and strengthening of the powerful self-defensive nuclear deterrent and war capability.

The investment in socialist economic construction will grow to 105.5 percent over last year so that 43.8 percent of the total state budgetary expenditure is to be spent on it.

Funds equivalent to 106.3 percent over last year are allotted for the work of the national economy for the major sectors, including those of metallurgical, chemical, electric power, coal and machine-building industries and railway transport, in 2026.

Funds equivalent to 105.3 percent over last year will be used for the development of science and technology.

Funds equivalent to 105.7 percent over last year are allotted for the agricultural work to contribute to the strengthening of the material and technical foundations of agriculture.

A larger sum of money will be disbursed for the people-oriented policies and the social and cultural work than last year, an increase of 6 percent for the educational sector, 5.6 percent for the public health sector, 3.1 percent for the cultural sector and 2.8 percent for the sports sector.

Funds for the anti-epidemic work are expected to grow by 1.1 percent over last year.

This year, too, the state will send a large amount of educational aid funds and stipends to the children of Koreans in Japan so that they can grow up to be reliable pillars who will carry forward the baton of the patriotic cause.