Pyongyang, April 9 (KCNA)1 — Deputy Ki Kwang Ho, minister of Finance, made a report on the review of the fulfillment of the state budget of the DPRK for Juche 103 (2014) and the state budget for Juche 104 (2015) at the Third Session of the 13th Supreme People’s Assembly on Thursday.
According to the report, the plan of state budgetary revenue for last year was over-fulfilled 1.6 percent, 6 percent increase over the previous year.
The local plan for budgetary revenue was carried out at 122.2 percent and the plan for state budgetary expenditure at 99.9 percent.
46.7 percent of the total budget was spent for the development of the national economy.
37.2 percent of the total state budgetary expenditure was spent for the cultural field including education, public health, sports and literature and art.
15.9 percent of total expenditure was directed to national defence.
The state budgetary revenue and expenditure for this year have been shaped in such a way as to bolster up the capabilities for self-defence and effect a turn in building a socialist economic power and a highly civilized nation by giving definite precedence to science and technology.
The state budgetary revenue will grow 3.7 percent over last year; transaction revenue is expected to swell 2. 6 percent, revenue from the profits of state enterprises 4.3 percent, revenue from the profits of cooperative organizations 3. 2 percent, real estate rent 0.7 percent, social insurance fee 2.8 percent, revenue from sale of properties and price differential 1.4 percent, revenue from other sources 0.8 percent and revenue from economic trade zones 3.6 percent.
The national budgetary revenue will account for 79 percent and the local budgetary revenue 21 percent of the state budgetary revenue. Provinces, cities and counties are expected to ensure expenditure with the revenue from local sources and provide
profits to the national budget.
The national budgetary expenditure is expected to grow 5.5 percent over last year for focusing investment in augmenting the national power, developing science and technology and undertaking the projects for fulfilling the grandiose plan of the party so as to financially guarantee the general advance for greeting the grand October festival with labor achievements.
15.9 percent of total expenditure will be spent for national defence.
The allocation of funds for the field of science and technology is expected to go up 5 percent.
4.2 percent more financial disbursement will be made for the agricultural field, 6.8 percent more for the fisheries field, 5.1 percent more for the industrial field including light industry and vanguard fields of the national economy, 8.7 percent more for capital construction and 9.6 percent for the forestry field to shore up the national economy as a whole, bring about a turn in improving the people’s living standard and wage a dynamic drive for the building of monumental edifices and reforestation.
Expenditure for education goes up 6.3 percent, that for public health 4.1 percent, that for sports 6.9 percent and that for culture 6.2 percent so as to provide a financial guarantee for the drive for bringing about a turn in building a highly civilized socialist state.
A large amount of funds will be sent as educational aid fund and stipends for the children of Koreans in Japan this year, too.
The reporter stressed that the Korean people faced with huge tasks this year but the DPRK is sure to emerge victorious as there are the tested and seasoned leadership of the Workers’ Party of Korea, invincible revolutionary spirit and fighting spirit and the army and people full of revolutionary and patriotic enthusiasm.
The DPRK has made it no secret that it is a highly militarized society. With decades of threats of invasion and nuclear war the DPRK has been forced to sustain itself militarily, including the development of the Songon policy. They have allocated 15.9% of their national budget for national defence. Meanwhile the U.S., the global imperialist power spends 22% of its budget on “defence”.2 In truth this money is allocated towards war, the invasion of sovereign nations that do not, and the occupation of nations who do carry out the accumulation of capital for America’s benefit.
Meanwhile the DPRK is increasing funds for science and education while the U.S. capitalist class makes demands that such “frivolities” be cut under their austerity plans.
Who is the savage murderous militant country here? The DPRK maintains its self-defence against the worst imperialist power to ever exist, while increasing its own knowledge and scientific development as a point of national pride. Meanwhile the U.S. continues down its own path of murderous invasions for profit while dumbing down their own people.
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1. 2014년 국가예산집행의 결산과 2015년 국가예산에 대하여, KCNA.kp
2. US Federal Budget Pie Chart, Federal Spending for the United States – FY 2015, USGovernmentSpending.com