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Report on State Budget

Korean Central News Agency of DPRK via Korea News Service (KNS)

    Pyongyang, April 11 (KCNA) -- Vice-Premier of the Cabinet Ro Tu Chol made a report on the second agenda item "On the results of the implementation of state budget of the DPRK for Juche 94 (2005) and its state budget for Juche 95 (2006)" at the fourth session of the 11th Supreme People's Assembly held here Tuesday. The reporter said that the general march for Songun revolution was dynamically made last year to mark the 60th anniversary of the foundation of the Workers' Party of Korea and the 60th anniversary of the country's liberation as grand festivals of victors under the Party's Songun revolutionary leadership and as a result great achievements were made in the production and construction and the state budget was satisfactorily implemented.
    According to his report, the state budgetary revenue last year was fulfilled at 100.8 percent as compared with that under plan or jump of 16.1 percent over that in the previous year.
    The revenue coming from profits of state enterprises showed an increase of 14.2 percent over that in the previous year, that from the profits of cooperative organizations 24.3 percent, that from social insurance 5.7 percent and that from others 0.3 percent. The local budgetary revenue was fulfilled at 114.2 percent as compared with that under plan.
    Energetic endeavors were made to improve economic and financial management to increase the state budgetary revenue last year. This made it possible to satisfactorily meet the financial demand from the field of national defence and various other domains of the national economy.
    Last year's state budgetary expenditure was executed at 104.4 percent as compared with that under plan.
    Last year 15.9 percent of the total state budgetary expenditure was allocated for national defence to meet the requirements of the WPK's Songun policy. The government spent 41.3 percent of the total state budgetary expenditure for various domains of national economy last year to positively spur the socialist economic construction.
    A huge allocation of fund, an increase of 32.5 percent over the previous year, was made for the agricultural field, a key front of socialist economic construction, last year, thus making it possible to concentrate all forces on agriculture and bring about a fresh turn in the agricultural production.
    The reporter said that the state budgetary revenue and expenditure for this year have been shaped in such a way as to provide a sufficient financial guarantee for the general march for the Songun revolution.
    According to him, the state budgetary revenue for this year is expected to grow 7.1 percent over last year and the revenue coming from profits of state enterprises, the major source of budgetary revenue, 7.2 percent as compared with last year. The total budgetary expenditure will show an increase of 3.5 percent over last year. The state budgetary expenditure plan was shaped in such a way as to bring about a significant turn in the socialist economic construction and in the improvement of the standard of people's living, while directing utmost efforts to increasing the defence capability of the country true to the WPK's Songun revolutionary line. The government will allocate 15.9 percent of the total budgetary expenditure for national defence so as to bolster up the People's Army, the core of the self-defensive national defence forces and the vanguard of the Songun revolution, develop the national defence industry and thoroughly implement the Party's policy to put all the people under arms and convert the whole country into a fortress. A big portion of the state budget for this year will go to the domains of national economy to put the economy as a whole on a higher level of development as required by the new century and realize the Party's intention to help the people substantially benefit from the economic foundation the country has already laid. 12.2 percent bigger allocation of fund than last year will be made for the agricultural field, a key front of socialist economic construction, so as to thoroughly implement the Party's policy of agricultural revolution and satisfactorily solve the people's food problem.
    The expenditure for power, coal and metal industries and railway transport for this year is expected to increase 9.6 percent over last year and disbursement of fund for the development of science and technology 3.1 percent for the implementation of the Party's line of attaching importance to science and technology.
    3 percent more fund than last year will be disbursed for the implementation of the social policies.
    The state plans to expand financial source through the introduction of new social insurance payment system by enterprises.
    The government will send a huge amount of educational aid fund and stipends for the Korean children in Japan this year, too, for the development of democratic national education of the General Association of Korean Residents in Japan. The state will encourage provinces, cities and counties to thoroughly implement the Party's policy of local budgetary system so that they may manage economic life in the local areas on their own and increase their profits so as to contribute to the state revenue.
    Difficult and huge are the tasks facing us this year but we are sure to emerge victorious as there are the ever-victorious Songun revolutionary leadership of Kim Jong Il and the single-minded unity of the army and people and the independent financial foundation, he stressed.



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